Shares of BTS label tumble 27% after band announces break

K-pop supergroup BTS on June 14, 2022 announced it was taking an indefinite 'hiatus' from one of the world's most popular acts to focus on solo pursuits. Photo: AFP

Shares in the management agency of the K-pop supergroup BTS plummeted Wednesday in early trading in Seoul after the band announced they were taking an indefinite break.

The seven members, credited with generating billions of dollars for the South Korean economy, dropped the bombshell during their streamed "Festa" dinner, part of a celebration that marks their anniversary as a group.