BTS Busan concert HYBE and Busan government get in a $5 1 million tiff over the cost
BTS Busan concert HYBE and Busan government get in a $5 1 million tiff over the cost × Follow Us Create Notifications New User posted their first comment this is comment text Link Approve Reject & ban Delete Log in Manage your profile Editing Story Queue Video Queue Editing Stats Writer Home SEO Redirection Admin Wiki Edits Taxonomy Home Edit Site Menu Mapping Dashboard Tag Pages Community Social Feed Queue Feed Center Notification Center Affiliate Home Manage Pages Bottom Tagline Dash Timeless Stories Logout SK POP News
tinyurl.com/2s47fxd231179Busan city claims that BTS' concert fee will cost 70 billion but neither Busan nor the sponsors want to pay for ittinyurl.com/2s47fxd2 https://t.co/MTovvgLCXO
- concert will require 7 B KRW
- Busan city claims they don't have the funding to cover it
- Hybe hopes to cover it with sponsorship from other comp.
- the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat…•ᴗ•ᵖʳᵒᵒᶠ@VLifeToDo내가보고잇는게 맞나...
"약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"
공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다.
부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다119474085내가보고잇는게 맞나... "약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다. 부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다 https://t.co/AmSzsfCPMnSummary of the "free" concert: - concert will require 7 B KRW - Busan city claims they don't have the funding to cover it - Hybe hopes to cover it with sponsorship from other comp. - the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat… The “Game of Money” has officially begun between HYBE and Busan government. The government has claimed that they do not have the funds to cover the BTS Busan concert because they are already covering transportation and lodging, whereas HYBE hopes to cover their costs through sponsorships and advertising funding. ARMYs (BTS’ fandom) have stepped in and requested both the parties to end their ongoing tiff and ensure BTS Busan concert is a superhit event and profitable for all the parties involved. They are upset with the Busan government for being inept and refusing to accept responsibility for the entire situation. (Slow) 우주고래 Whale @hiraeth8221Ah yes, I see many confused souls. Yes this was exactly what we were afraid of with the whole free concert. Incompetent city gov. They are not ready to do anything2926338Ah yes, I see many confused souls. Yes this was exactly what we were afraid of with the whole free concert. Incompetent city gov. They are not ready to do anything (Slow) 우주고래 Whale @hiraeth8221Summary of the "free" concert:
- concert will require 7 B KRW
- Busan city claims they don't have the funding to cover it
- Hybe hopes to cover it with sponsorship from other comp.
- the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat…•ᴗ•ᵖʳᵒᵒᶠ@VLifeToDo내가보고잇는게 맞나...
"약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"
공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다.
부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다119474085내가보고잇는게 맞나... "약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다. 부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다 https://t.co/AmSzsfCPMnSummary of the "free" concert: - concert will require 7 B KRW - Busan city claims they don't have the funding to cover it - Hybe hopes to cover it with sponsorship from other comp. - the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat… ARMYs have argued that it was the Busan government who had first approached HYBE for the BTS Busan concert. Earlier, the Mayor of Busan personally requested that members Jimin and Jung Kook's fathers persuade their sons to participate in this cause for the sake of the nation. Jen⁷ⁱˢ ᴾʳᵒᵒᶠ @McFlat29@AliBangtani @hiraeth8221 I find it a little irresponsible to but a bid in for an expo, offer up events, and then have had zero plan for organizing and financing it... Was the Busan government just expecting to be turned down flat and back away like Oh well, we tried?
Mind boggling1449@AliBangtani @hiraeth8221 I find it a little irresponsible to but a bid in for an expo, offer up events, and then have had zero plan for organizing and financing it... Was the Busan government just expecting to be turned down flat and back away like Oh well, we tried?Mind boggling CindyI@marie9107@hiraeth8221 @bangtan_mami And that’s how they want to win the bid I hope they don’t blame it on the boys when they don’t win because is all their fault.1@hiraeth8221 @bangtan_mami And that’s how they want to win the bid I hope they don’t blame it on the boys when they don’t win because is all their fault. ARMYs are hoping that for Bangtan’s sake BTS Busan concert goes smoothly without any monetary hiccups because they don’t deserve this unfair treatment meted out to them. proof⁷⟭⟬@jiminprms@kingpdnim @erie_pink @hiraeth8221 Literally, if any of the committee who choose the host of the World expo sees this drama, Busan doesn't even have to try anymore6@kingpdnim @erie_pink @hiraeth8221 Literally, if any of the committee who choose the host of the World expo sees this drama, Busan doesn't even have to try anymore ɴᴇʟʟ⁷ @kingpdnim@hiraeth8221 I just don't understand this bc if the concert doesn't go well for infrastructure reasons, then why on earth would the World Expo Committee think Busan could handle something even *bigger* than that?? If a city can't host a concert at a stadium, how can they host a global event??575@hiraeth8221 I just don't understand this bc if the concert doesn't go well for infrastructure reasons, then why on earth would the World Expo Committee think Busan could handle something even *bigger* than that?? If a city can't host a concert at a stadium, how can they host a global event??
Politic is just
Those?really take advantage without shame
A very #BadDecisions
hopefully karma #THATTHAT #YetToCome will hit those ?458@hiraeth8221 mmmPolitic is just Those?really take advantage without shameA very #BadDecisions hopefully karma #THATTHAT #YetToCome will hit those ? https://t.co/EEy2CeZkiX HYBE responded to Korea Economic Daily by stating that: “HYBE and many other companies are participating as official sponsors to participate in the effort to support the expo bidding." Major Korean conglomerates like Samsung and Hyundai which Bangtan members are brand ambssadors of might take part in the sponsorship of the event, though this is merely a speculation at this point. HYBE is hoping to cover the extensive costs through sponsorships via these major Korean companies and a helping hand from the Busan government. Now, comes the twist in the tale. When Korea Economic Daily inquired about sponsorship for the BTS Busan concert with various Korean conglomerates, including Samsung and Hyundai, they revealed that they had received no request for sponsorship from HYBE and had no plans to support the concert's costs. Krishna⁷@vkcrumbs@hiraeth8221 which they can't even fund!
what are they going to show??that this city isn't ready?that they don't have enough funds for anything? are they thinking of winning with this attitude?102@hiraeth8221 which they can't even fund! what are they going to show??that this city isn't ready?that they don't have enough funds for anything? are they thinking of winning with this attitude? However, HYBE can still cover the remaining event even if corporate sponsorships are not feasible. According to the Financial Supervisory Service, HYBE's sales were 797.1 billion in the first half of the year, with a net profit of 129.5 billion (profit after taxes) and an operating profit of 125.3 billion (profit from business operations), proving that HYBE can cover the BTS Busan concert. However, some monetary help from Busan government wouldn’t hurt.
BTS Busan concert HYBE and Busan government get in a $5 1 million tiff over the cost
By Anwaya Mane Modified 08 Sep 2022 Follow Us Comment Share BTS Black and White concept photo (Image via Twitter/@TKhoneybunny) We have hit yet another roadblock with the much-awaited BTS Busan concert. The mega concert, which is less than a month away, will take place on Saturday, October 15, 2022, with the goal of supporting the Korean government in winning the bid for the "2030 World Expo." However, HYBE and the Busan government are at odds over who will pay the $5.1 million in concert costs, which the Busan government is attempting to avoid. On Thursday, September 8, officials from the business and cultural circles revealed that the BTS Busan concert will cost a staggering $5.1 million (₩ 7 billion) in expenses. According to an unnamed source, because BTS is Korea's pride, a lot of money will be spent on stage, setting, equipment, and so on. However, because the sum is so large, either party is attempting to postpone payment and avoid the matter. pannchoa@pannchoaBusan city claims that BTS' concert fee will cost 70 billion but neither Busan nor the sponsors want to pay for ittinyurl.com/2s47fxd231179Busan city claims that BTS' concert fee will cost 70 billion but neither Busan nor the sponsors want to pay for ittinyurl.com/2s47fxd2 https://t.co/MTovvgLCXO
BTS Busan concert ARMYs react to the ongoing tiff between HYBE and Busan government
(Slow) 우주고래 Whale @hiraeth8221Summary of the "free" concert:- concert will require 7 B KRW
- Busan city claims they don't have the funding to cover it
- Hybe hopes to cover it with sponsorship from other comp.
- the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat…•ᴗ•ᵖʳᵒᵒᶠ@VLifeToDo내가보고잇는게 맞나...
"약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"
공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다.
부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다119474085내가보고잇는게 맞나... "약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다. 부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다 https://t.co/AmSzsfCPMnSummary of the "free" concert: - concert will require 7 B KRW - Busan city claims they don't have the funding to cover it - Hybe hopes to cover it with sponsorship from other comp. - the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat… The “Game of Money” has officially begun between HYBE and Busan government. The government has claimed that they do not have the funds to cover the BTS Busan concert because they are already covering transportation and lodging, whereas HYBE hopes to cover their costs through sponsorships and advertising funding. ARMYs (BTS’ fandom) have stepped in and requested both the parties to end their ongoing tiff and ensure BTS Busan concert is a superhit event and profitable for all the parties involved. They are upset with the Busan government for being inept and refusing to accept responsibility for the entire situation. (Slow) 우주고래 Whale @hiraeth8221Ah yes, I see many confused souls. Yes this was exactly what we were afraid of with the whole free concert. Incompetent city gov. They are not ready to do anything2926338Ah yes, I see many confused souls. Yes this was exactly what we were afraid of with the whole free concert. Incompetent city gov. They are not ready to do anything (Slow) 우주고래 Whale @hiraeth8221Summary of the "free" concert:
- concert will require 7 B KRW
- Busan city claims they don't have the funding to cover it
- Hybe hopes to cover it with sponsorship from other comp.
- the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat…•ᴗ•ᵖʳᵒᵒᶠ@VLifeToDo내가보고잇는게 맞나...
"약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"
공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다.
부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다119474085내가보고잇는게 맞나... "약 70억원 가량을 써야 한다는데 돈 낼 곳은 마땅치 않고 서로 미루는 분위기"공연 관람자들에게 '무료'를 약속한 만큼 표값을 받을 수는 없다. 부산시는 "후원기관으로서 장소를 제공하고 교통 숙박 등 행사에 필요한 행정지원을 담당하는 것"이라고 설명했다 https://t.co/AmSzsfCPMnSummary of the "free" concert: - concert will require 7 B KRW - Busan city claims they don't have the funding to cover it - Hybe hopes to cover it with sponsorship from other comp. - the said other comp. are hesitant to sponsor twitter.com/VLifeToDo/stat… ARMYs have argued that it was the Busan government who had first approached HYBE for the BTS Busan concert. Earlier, the Mayor of Busan personally requested that members Jimin and Jung Kook's fathers persuade their sons to participate in this cause for the sake of the nation. Jen⁷ⁱˢ ᴾʳᵒᵒᶠ @McFlat29@AliBangtani @hiraeth8221 I find it a little irresponsible to but a bid in for an expo, offer up events, and then have had zero plan for organizing and financing it... Was the Busan government just expecting to be turned down flat and back away like Oh well, we tried?
Mind boggling1449@AliBangtani @hiraeth8221 I find it a little irresponsible to but a bid in for an expo, offer up events, and then have had zero plan for organizing and financing it... Was the Busan government just expecting to be turned down flat and back away like Oh well, we tried?Mind boggling CindyI@marie9107@hiraeth8221 @bangtan_mami And that’s how they want to win the bid I hope they don’t blame it on the boys when they don’t win because is all their fault.1@hiraeth8221 @bangtan_mami And that’s how they want to win the bid I hope they don’t blame it on the boys when they don’t win because is all their fault. ARMYs are hoping that for Bangtan’s sake BTS Busan concert goes smoothly without any monetary hiccups because they don’t deserve this unfair treatment meted out to them. proof⁷⟭⟬@jiminprms@kingpdnim @erie_pink @hiraeth8221 Literally, if any of the committee who choose the host of the World expo sees this drama, Busan doesn't even have to try anymore6@kingpdnim @erie_pink @hiraeth8221 Literally, if any of the committee who choose the host of the World expo sees this drama, Busan doesn't even have to try anymore ɴᴇʟʟ⁷ @kingpdnim@hiraeth8221 I just don't understand this bc if the concert doesn't go well for infrastructure reasons, then why on earth would the World Expo Committee think Busan could handle something even *bigger* than that?? If a city can't host a concert at a stadium, how can they host a global event??575@hiraeth8221 I just don't understand this bc if the concert doesn't go well for infrastructure reasons, then why on earth would the World Expo Committee think Busan could handle something even *bigger* than that?? If a city can't host a concert at a stadium, how can they host a global event??
Several Korean news outlets have dug deep into this issue here s what we know so far
View this post on Instagram Instagram Post The event, dubbed "BTS in Busan" or more colloquially "BTS Busan concert," is hosted by the group's agency HYBE and sponsored by Busan, Korea's second-largest city. The Busan Expo Bidding Committee is also helping to host the grand event on Saturday, October 15, which is free of charge for ARMYs travelling from all over the world. Official sources from the Secretariat of the Bid Committee and the Busan City Induction Planning Team also revealed that that because HYBE is the organiser of the BTS Busan concert and will cover the costs through advertisements and sponsorship from companies, they are best suited to answer cost-related questions, and the Expo Bidding Committee is not involved with the monetary aspect. Shooky Squad BTS chap2@SquadShooky@hiraeth8221 mmmPolitic is just
Those?really take advantage without shame
A very #BadDecisions
hopefully karma #THATTHAT #YetToCome will hit those ?458@hiraeth8221 mmmPolitic is just Those?really take advantage without shameA very #BadDecisions hopefully karma #THATTHAT #YetToCome will hit those ? https://t.co/EEy2CeZkiX HYBE responded to Korea Economic Daily by stating that: “HYBE and many other companies are participating as official sponsors to participate in the effort to support the expo bidding." Major Korean conglomerates like Samsung and Hyundai which Bangtan members are brand ambssadors of might take part in the sponsorship of the event, though this is merely a speculation at this point. HYBE is hoping to cover the extensive costs through sponsorships via these major Korean companies and a helping hand from the Busan government. Now, comes the twist in the tale. When Korea Economic Daily inquired about sponsorship for the BTS Busan concert with various Korean conglomerates, including Samsung and Hyundai, they revealed that they had received no request for sponsorship from HYBE and had no plans to support the concert's costs. Krishna⁷@vkcrumbs@hiraeth8221 which they can't even fund!
what are they going to show??that this city isn't ready?that they don't have enough funds for anything? are they thinking of winning with this attitude?102@hiraeth8221 which they can't even fund! what are they going to show??that this city isn't ready?that they don't have enough funds for anything? are they thinking of winning with this attitude? However, HYBE can still cover the remaining event even if corporate sponsorships are not feasible. According to the Financial Supervisory Service, HYBE's sales were 797.1 billion in the first half of the year, with a net profit of 129.5 billion (profit after taxes) and an operating profit of 125.3 billion (profit from business operations), proving that HYBE can cover the BTS Busan concert. However, some monetary help from Busan government wouldn’t hurt.