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Hello, this is HYBE.
We are announcing important news regarding our important member, Bang Sihyuk, as well as news regarding some of our artists.
First of all, we want to state that, after a thorough discussion and revision with most of our idols, Bang Sihyuk has decided to take a step back from being Big Hit Entertainment's CEO.
That means he will mainly focus on producing music, still holding his position as Chairman of the company in regards to the future of HYBE.
We can only wish him the best, and say that we're happy he's following what his heart desires.
On that same line, the new CEO of Big Hit Entertainment will be Lee Sungdo, music producer and owner of Keyword Entertainment, company that will be absorbed by Big Hit Entertainment, who will take its artists under their wings.
In regards to these artists, the ones who will be signing up in this merge of companies will be R3Y, a five member girl group, Challenge2, an eight member boy group, and BOLD, a six member coed group. Please keep an eye out for them, because we believe in their talents and wish them the best as performers and artists.
