The tickets already sold for Big Hit’s April concerts in South Korea have been refunded; the spokesperson says Big Hit is looking to secure new dates and venues. “Big Hit’s business will see a huge impact due to the virus,” says analyst Yoo Sung-man of Hyundai Motor Securities. After a rocky start, Big Hit enjoyed early success with 8Eight, a vocal group trio and 2AM, a four-member boy band it co-managed with JYP. However, all seven members renewed their contract with Big Hit for another seven years late last year. But with the pandemic and one-seventh of Big Hit’s biggest asset slated for military service, the IPO’s outlook is murky.

Source: Forbes April 29, 2020 21:33 UTC