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Calls mount for BTS members to skip South Korea's mandatory military service

Calls are mounting for BTS members to skip South Korea's mandatory military service. Yahoo Finance's Melody Hahm shares the details.

Video Transcript

JULIE HYMAN: It's time for "Word on the Street," where we check in with our panelists, find out what stories they are watching. Melody, you are looking at BTS. There are apparently calls for them to skip the mandatory military service in Korea?

MELODY HAHM: Yeah. For those who don't know, all able-bodied men in South Korea between the ages of 18 and 26 must actually serve in the military for about two years. And now there's growing traction to get all seven members of BTS out of that mandatory conscription. The eldest member of the band, Jin, is 27 years old right now, so he actually has passed that deadline and is supposed to actually serve within the next year or two.

This is relevant because let's think about Big Hit Entertainment. It's planning to go public. Shares will start trading on the KOSPI, the Korean stock exchange, starting on October 15th, and 97% of Big Hit's revenue comes from BTS. So as much as this can seem like a very individualistic story, there has never been a time where the Korean government has actually said that a K-Pop star cannot serve in the army.

A classical musician was once forgiven. Professional athletes have been kind of allowed to skip that mandatory service, but if BTS does get this sort of special permission it would be unprecedented. And in many ways it will give perhaps investors some additional hope that Big Hit has some longevity here.