Members of ARMY, the official term for BTS fans, wait in long lines before the concert “5th Muster [Magic Shop]” begins Saturday evening, some seeking shelter beneath parasols. Another concert took place on Sunday.
BTS is now responsible for nine music videos that have surpassed 400 million views, including “DNA,” recording over 700 million views; “Fire,” “Fake Love,” and “MIC Drop” with over 500 million views; and “Idol,” “Dope,” “Blood, Sweat & Tears” and “Save ME,” with over 400 million views.
Yang Hyun-suk, the chief producer and founder of YG Entertainment, is leaving one of South Korea’s biggest entertainment agencies following a slew of scandals that dented the company’s public image in recent months.
In an emailed statement Friday, Yang said, “I’ve dedicated the last 23 years of my life to YG Entertainment. It was my biggest pleasure to support the best artists and music and the only gift I can give to society and fans.”
“From today however, I’ve decided to step away from all responsibilities and positions at YG,” he said. His departure was soon followed by the resignation of his younger brother and CEO Yang Min-suk. In the statement, he said he wanted to put out a clear message following his older brother’s move. The surprise announcements come after several YG artists were mired in a slew of scandals including former iKON member B.I and Seungri of Big Bang.
Despite his official departure, Yang is still the largest shareholder of YG with a 16.12% stake, while his younger brother and CEO Yang Min-suk owns 3.31%.
Since the Seungri scandal broke in January, YG’s stock price has tumbled almost 30 percent. On Friday, the price ended at 29,500 won ($24.88), compared to 42,250 won on Jan. 28.
The manufacturer of the display for the Samsung Fold suggested that the long-troubled device will soon be reintroduced, months after the failed soft launch of the product.
“The problem has been solved, and we are on standby to start mass production,” said Samsung Display Vice President Kim Sung-cheol in a speech at The Korean Information Display Society forum on Tuesday in Gangnam District, southern Seoul. “We expect the device to be extremely popular after the release.”
Samsung Display manufactures the screen for the device. For the last two months, numerous unsourced reports have been published about the possible release date of the Fold. Samsung Electronics has stuck to its story: Improvements are being made and an announcement would be made “in weeks to come.”
A positive comment from the display supplier raises the possibility that the Galaxy Fold may actually be ready this time, but it does little to end the confusion. No firm date has been set, and recent reports in the local press suggest that the problem has yet to be solved and that a formal introduction may be months off.
“We have made improvements on the device and panels related to the controversial problems. The IM division will announce the release schedule,” Kim told reporters, referring to the IT and mobile (IM) division.
A marketing event for the Galaxy Fold was held in San Francisco in February, but its official release was delayed for nearly two months after U.S. reviewers reported problems while testing the device. After that, pre-orders in the United States were canceled.