Choiceology with Katy Milkman cover image

Fan Fictions: With Guests Hannah Sung, Crystal Tai & Anuj Shah

Choiceology with Katy Milkman

00:00

The Impact of K-Pop Idols on Business

When fans are upset, they might put together petitions and send these letters assigned by thousands or millions even to the record label. Sung Min eventually released a lengthy statement apologizing for being inconsiderate but his career in the band was essentially finished. When BTS said they were taking a break or hiatus in 2022, HIB's valuation on the stock market dropped 28%. That means that they lost $1.7 billion in stock value from this one band saying, I think we're going to take a break.

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