Is anyone invested in K-pop record labels? Saw that Big Hit IPO-ed recently, but don't think they're rock solid since it's largely based on BTS, though BTS has been performing very well. Thoughts?

Hello,

No doubt that BTS is doing well, like very well. However, I read somewhere that they are going for national service soon? Which will definitely affect the company's financial statements. Also, I feel like they have a key man risk (but in this case, key group risk)

Nope. The performance of the company is dependent on the team (BTS) and there are too many variables to make an accurate forecast on profitability.