Korean music label HYBE seeks US deals after withdrawing bid for SM Entertainment

Korean music label HYBE seeks US deals after withdrawing bid for SM Entertainment

FILE PHOTO: Members of K-pop boy band BTS pose for photographs during a news conference promoting their new album "BE(Deluxe Edition)" in Seoul, South Korea, November 20, 2020. REUTERS/Heo Ran/File Photo

South Korea’s largest music label HYBE, which manages hit boy band BTS, will announce a “substantial number of acquisitions and investments” this year as the K-pop giant looks to boost its U.S. presence, its chairman said on Wednesday.

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