BTS Bang Si-hyuk Separation Theory Debate

There is a conflict between the "separation theory," which argues that Bang Si-hyuk, chairman of HYBE, and BTS should be separated, and the "counterargument" that separation is impossible given the close relationship between the two groups. The separation theory was raised among fans as "owner risk" surrounding Bang Si-hyuk came to the fore.

Bang Si-hyuk has been under investigation for over a year for allegedly obtaining unfair profits from investors before HYBE's IPO, and the police recently filed for his arrest warrant. This action was taken shortly after the U.S. requested cooperation in lifting his travel ban, and Bang Si-hyuk is awaiting a court hearing to determine whether he will be arrested.

Bang Si-hyuk's impending arrest crisis has sparked the separation theory, raising concerns among BTS fans that it could tarnish BTS's image. Consequently, there is keen interest in whether the musical and business relationship between BTS and Bang Si-hyuk can be separated.

In the short term, there is no significant impact expected due to BTS's world tour (scheduled for 34 cities and 85 shows until March 2027). This is because the tour schedule and locations have been confirmed, and there is a possibility of extension, making it unlikely that situations requiring production or business decisions will arise.

However, there are concerns that Bang Si-hyuk's absence could be detrimental to BTS and HYBE in the medium to long term. Bang Si-hyuk provides essential insights for HYBE's K-pop industry direction and mid-to-long-term strategy development, and plays the most crucial role in the entrepreneurial decision-making process for HYBE to evolve into an IP company not reliant on BTS. This is supported by numerous past cases where large Korean conglomerates lost competitiveness due to delays in investment and decision-making during the absence of their owners.