Bang Si-hyuk
Bang Si-hyuk | |
---|---|
Bang in June 2022 | |
Born | Seoul, South Korea | August 9, 1972
Other names | "Hitman" Bang |
Education | Seoul National University (BA) |
Occupations |
|
Years active | 1994–present |
Title | Founder and chairperson of Hybe Corporation |
Parent |
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Korean name | |
Hangul | 방시혁 |
Hanja | |
Revised Romanization | Bang Si-hyeok |
McCune–Reischauer | Pang Sihyŏk |
Website | hybecorp.com |
Bang Si-hyuk (born August 9, 1972), better known by the stage name "Hitman" Bang (stylized in lower case), is a South Korean music executive, record producer and songwriter who is the current chairperson of Hybe Corporation. He founded the record label Big Hit Music (formerly Big Hit Entertainment) and entertainment company Hybe Corporation both in 2005.
One of the 50 wealthiest people in South Korea according to Forbes Asia, Bang is the only billionaire in the South Korean entertainment industry. By July 2021, his reported net worth was an estimated $3.2 billion, according to the Bloomberg Billionaires Index.
Early life and education
[edit]Bang Si-hyuk was born to Bang Geuk-yoon , former president of the Korea Workers' Compensation and Welfare Corporation at the Korea Social Insurance Research Institute,[1] and his wife, Choi Myung-ja.[2] Bang has a younger sister.[3]
Bang developed a passion for music from an early age, having grown up in a musical home, but was discouraged from pursuing a career in the industry by his parents.[4][5] Bang formed a band with his friends while in middle school and wrote and performed songs he composed.[2][6] He attended Kyunggi High School before graduating from Seoul National University with a degree in aesthetics.[7]
His distant relative, Bang Jun-hyuk, is the founder of Netmarble, South Korea's largest mobile-gaming company,[8] while his maternal uncle, politician and former journalist Choi Kyu-sik, was appointed as the South Korean ambassador to Hungary in 2018.[2][9]
Career
[edit]Bang debuted as a composer while in college.[7] In 1994, he won the Yoo Jae-ha Music Contest and began his career in earnest writing and producing songs.[10] He met Park Jin-young in 1997, and the pair often partnered together as a songwriting duo. When Park founded his company JYP Entertainment, Bang joined him as a composer, arranger and producer.[5][11][12] One of their early successes was the first-generation group g.o.d.[11] Some of g.o.d's most famous songs arranged by Bang include "One Candle" and "Road". Bang's stage name "Hitman" originated from this period, when g.o.d enjoyed success as one of the country's best-selling and most popular boy bands of the early 2000s, earning himself and Park a reputation as "hit makers".[11][13] Besides g.o.d, Bang has produced or composed for many other artists, including veterans Im Chang-jung and Park Ji-yoon, singer-actor Rain, groups Wonder Girls, 2AM, and Teen Top, and R&B singer Baek Ji-young.[11][13][14]
In 2005, Bang left JYP and founded his own company, Big Hit Entertainment, where he continued to write, compose and produce for its artists.[13][15] Under the Big Hit label, he signed up RM, at age 15, who would go on to lead the boy band BTS.[16] He co-wrote six songs for BTS in their 2016 album Wings. Its success garnered Bang the Best Producer Award at the Mnet Asian Music Awards and the Songwriter Award at the Melon Music Awards that year. In June 2018, he was named one of Variety's International Music Leaders due to BTS' achievements.[17]
In April 2019, Bloomberg estimated Bang's worth to be about $770 million.[18] The BigHit initial public offering (IPO) filed in October 2020 was the largest seen in South Korea in three years and skyrocketed Bang's net worth to $2.8 billion,[19][20] making him the only billionaire in South Korea's entertainment industry and the sixth-richest person in the country.[21][22][23] The success of the IPO, together with the commercial success of BTS that year, Bang's steps into diversification with apps like Weverse, and acquisitions of companies like Source Music and Pledis Entertainment among others, landed him on the 2020 edition of Variety's Variety500, an annual index of the 500 most influential business leaders in the global media industry.[24][25]
In June 2021, Forbes Asia published its annual list of Korea's 50 Richest People. One of only two newcomers to the ranking, Bang was listed as the 16th richest person in South Korea.[26][27] On July 1, following an organizational restructuring, Hybe Corporation announced Bang's resignation as CEO of the company to return his focus to music production. He was replaced by Park Ji-won, but retained his position as Chairman of the Board of Directors.[28][29] According to the Bloomberg Billionaires Index, Bang is worth an estimated $3.2 billion as of July 2021.[30]
Bang was featured on the cover of the April 2022 issue of Time magazine, together with BTS, following the release of the outlet's annual list of the 100 Most Influential Companies in March.[31][32] Later that month, he received an honorary doctorate in Business from Seoul National University—he is the first figure in the entertainment industry to be awarded such—in recognition of his "contribution to the development and innovation of the nation's cultural and entertainment industry" and for his "role in turning K-pop into a global pop music culture".[33]
Other activities
[edit]Philanthropy
[edit]In October 2022, Bang donated 5 billion won (approximately $3.5 million) to the Community Chest of Korea.[34]
On February 17, 2023, Bang donated 200 million won to help 2023 Turkey–Syria earthquakes, by donating money through Save the Children.[35]
Production discography
[edit]Lyrics and composition
[edit]Recognition
[edit]Awards
[edit]Award ceremony | Year | Category | Work(s) | Result | Ref. |
---|---|---|---|---|---|
Melon Music Awards | 2009 | Songwriter Award | — | Won | [36] |
Mnet 20's Choice Awards | 2010 | 20's Most Influential Star Award | Won | [37] | |
Korea Music Copyright Awards | 2011 | Best Lyricist (Ballad) | Won | [7] | |
Best Songwriter (Ballad) | Won | ||||
Masterpiece Award | Won | [38] | |||
Asia Artist Awards | 2016 | Best Producer Award | Won | [39] | |
Melon Music Awards | Songwriter Award | Won | [40] | ||
Mnet Asian Music Awards | Special Awards – Best Executive Producer | Won | [41] | ||
Golden Disc Awards | 2017 | Best Producer | Won | [42] | |
Gaon Chart Music Awards | Producer of the Year | Won | [43] | ||
Korea Content Awards | Presidential Commendation | Won | [44] | ||
Seoul Music Awards | 2018 | Producer Award | Won | [45] | |
Genie Music Awards | Producer Award | Won | [46] | ||
Mnet Asian Music Awards | Producer of the Year | Won | [47] | ||
Edaily Culture Awards | Frontier Award | Won | [48] | ||
Pony Chung Innovation Awards | 2020 | Innovation Award | Won | [49] | |
Mnet Asian Music Awards | Best Executive Producer of the Year | Won | [50] |
Listicles
[edit]Publisher | Year | Listicle | Placement | Ref. |
---|---|---|---|---|
Billboard | 2018 | International Power Players – Recording | Placed | [51] |
2019 | New Power Generation: 25 Top Innovators | Placed | [52] | |
International Power Players – Recording | Placed | [53] |
References
[edit]- ^ Kim, Jun-ho (February 14, 2019). 방탄소년단 탄생시킨 방시혁의 아버지 방극윤 전 이사장 "나는 기타 하나 사준 것 밖에 없습니다" [Bang Geuk-yoon, the father of Bang Sihyuk who birthed BTS, said "the only thing I did was buy him a guitar"]. Jeonbuk Ilbo (in Korean). Archived from the original on April 23, 2022. Retrieved April 23, 2022.
- ^ a b c Kim, Gye-young (February 1, 2019). [방시혁 대표의 어머니 최명자 여사] 온유하며 강인한 어머니의 사랑이 이룬 결실 [[CEO Bang Si-hyuk's mother, Ms. Choi Myeong-ja] The fruits of her strong and gentle mother's love]. Today's Korea (in Korean). Archived from the original on January 24, 2021. Retrieved April 23, 2022.
- ^ Kim, Eun-ju (September 9, 2010). [쿠키人터뷰] '히트 메이커' 방시혁 "미쓰에이 보고 충격 받았다". Kuki News (in Korean). Archived from the original on April 23, 2022. Retrieved April 23, 2022.
- ^ Hwang, Mi-hyeon (April 28, 2011). 방시혁, 서울대 강의 "완전체아이돌 나올 것" [Bang, Shi-hyuk, Seoul National University Lecture "A complete idol will emerge"]. Osen (in Korean). Archived from the original on August 1, 2017. Retrieved July 16, 2019 – via The Chosun Ilbo.
- ^ a b Son, Ji-hyoung (March 3, 2017). "Bang Si-hyuk: from 'hitman' to 'motivator'". The Korea Herald. Archived from the original on March 3, 2017. Retrieved July 16, 2019.
- ^ Choi, Jae-hyuk (December 17, 2021). [최재혁 기자의 국내 대부호 탐구] '방탄의 아버지' 방시혁 하이브 의장 [[Reporter Choi Jae-hyuk's exploration of the country's richest man] "BTS' Father" Bang Si-hyuk, Chairman of Hybe]. CEO News (in Korean). Archived from the original on April 23, 2022. Retrieved April 23, 2022.
- ^ a b c Seo, Ha-na (April 24, 2018). [Who Is ?] 방시혁 빅히트엔터테인먼트 대표이사 [[Who Is?] Bang Si-hyuk, CEO of Big Hit Entertainment]. Business Post (in Korean). Archived from the original on January 1, 2019. Retrieved July 16, 2019.
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- ^ a b c d Jeong, Gang-hyun (March 30, 2010). 2010 '히트곡 메이커' <1> 방시혁 [2010 'hit song maker' <1> Bang Si-hyuk]. JoongAng Ilbo (in Korean). Archived from the original on October 23, 2017. Retrieved July 16, 2019.
- ^ Min, Kyung-won (December 14, 2017). "Inside the mind of Bang Si-hyuk, the man behind BTS: Big Hit Entertainment CEO on the group's appeal to global audiences and why the boys won't be recording in English anytime soon". Korea JoongAng Daily. Archived from the original on December 14, 2017. Retrieved July 16, 2019.
- ^ a b c Kang, Haeryun (November 18, 2020). "'Hitman' Bang Si-hyuk, The Brand-New Billionaire Behind BTS". NPR. Archived from the original on November 20, 2020. Retrieved August 21, 2021.
- ^ 방시혁 "가수 자질?···무대 지배하는 사람" [Bang Si-hyuk, "A singer's qualities?...A stage master"] (in Korean). Yonhap News Agency. April 11, 2011. Archived from the original on October 23, 2017. Retrieved August 6, 2019 – via SBS News.
- ^ Han, Eun-hwa (November 8, 2016). "Independence is key to K-pop success : Once overlooked, BTS are a global hit". Korea JoongAng Daily. Archived from the original on August 5, 2020. Retrieved August 21, 2021.
- ^ Bruner, Raisa (October 8, 2019). "The Mastermind Behind BTS Explains the K-Pop Group's Success". Time.
- ^ Aswad, Jem; Benjamin, Jeff; Bliss, Karen; Trakin, Roy; Parisi, Paula (June 4, 2018). "International Music Leaders of 2018". Variety. Archived from the original on April 30, 2019. Retrieved August 6, 2019. (Note: Click through images to fourth thumbnail to view profile on Bang.)
- ^ Lee, Yoojung; Kim, Sohee; Pei, Yi Mak (April 9, 2019). "The Mastermind Behind BTS Has Built a $770 Million K-Pop Fortune". Bloomberg News. Archived from the original on April 17, 2019. Retrieved August 21, 2021.
- ^ Stassen, Murray (October 15, 2020). "Big Hit Ceo Bang Si-Hyuk Now Worth Comfortably More Than $2Bn As BTS Firm's IPO Takes Flight In Korea". Music Business Worldwide. Archived from the original on October 24, 2020. Retrieved April 7, 2021.
- ^ Kim, Sober; Kim, Heejin (October 15, 2020). "BTS Band Members Make Millions as Big Hit Shares Surge in IPO". Bloomberg News. Archived from the original on October 15, 2020. Retrieved August 21, 2021.
- ^ He, Laura; Kwon, Jake (September 28, 2020). "Big Hit IPO makes BTS millionaires and their producer a billionaire". CNN Business. Archived from the original on September 28, 2020. Retrieved December 29, 2020.
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- ^ "BTS agency listed amid fanfare on stock market". Yonhap. October 15, 2020. Archived from the original on October 15, 2020. Retrieved April 7, 2021 – via The Korea Herald.
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- ^ "Bang Si-hyuk - Variety500 - Top 500 Entertainment Business Leaders". Variety. December 23, 2020. Archived from the original on December 29, 2020. Retrieved December 29, 2020.
- ^ Chung, Grace (June 1, 2021). "Korea's 50 Richest 2021: A Record 46 Billionaires Make The List". Forbes Asia. Archived from the original on June 1, 2021. Retrieved June 3, 2021 – via Forbes.
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- ^ Park, Soo-in (July 1, 2021). 방시혁, 하이브 대표이사직 내려놓는다 "이사회 의장+프로듀서에 집중" [Bang Sihyuk, resigns from position as CEO of HYBE. "Focusing on chairman of the board of directors and producer".]. Newsen (in Korean). Archived from the original on July 1, 2021. Retrieved July 1, 2021 – via Naver.
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