Big Hit Entertainment officially changed their name to HYBE. Bang Si Hyuk along with CEO Global Lenzo Yoon and CO HQ Park Jiwon announced that there will be a major change for the company as a form of industry innovation.
Meanwhile, Big Hit will start venturing into areas that have traditionally been inaccessible to entertainment companies, such as the 360 business, IP business, and education sector. Therefore, the name Big Hit needed a new name as it was considered no longer suitable. Their new name has been changed to HYBE, as quoted from Koreaboo.