Bang Si-hyuk

Last updated

Bang Si-hyuk
Bang Si-hyuk on 24 June 2022.jpg
Bang in June 2022
Born (1972-08-09) August 9, 1972 (age 51)
South Korea
Other names"Hitman" Bang
Education
Occupations
  • Record executive
  • songwriter
  • record producer
Years active1994–present
Known forFounder of Big Hit Music and Hybe Corporation
Korean name
Hangul
방시혁
Hanja
Revised Romanization Bang Si-hyeok
McCune–Reischauer Pang Sihyŏk
Website hybecorp.com

Bang Si-hyuk (born August 9, 1972), known professionally as "Hitman" Bang (stylized in lower case), is a South Korean record producer, songwriter, and record executive. He founded the record label Big Hit Music (formerly Big Hit Entertainment) and entertainment company Hybe Corporation both in 2005, and is chairman of the latter.

Contents

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

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] He 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

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 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]

Philanthropy

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 earthquake, by donating money through Save the Children. [35]

Production discography

YearArtistAlbumNotes
2007 Wonder Girls The Wonder Years
2009 Taegoon 1st Mini Album
2010 2AM Saint o'Clock
2011 Lee Hyun You Are the Best of My Life
Homme Homme by Hitman Bang
Lee Seung-gi Tonight
Teen Top Roman With composer Park Chang-hyeon
2012 Lee Hyun The Healing Echo
2013 BTS 2 Cool 4 Skool Co-produced with Pdogg
O!RUL8,2? Co-produced with Pdogg
2014 Skool Luv Affair
Skool Luv Affair Special Addition
1st Japan Single Album: No More Dream
2nd Japan Single Album: Boy In Luv
Dark & Wild
3rd Japan Single Album: Danger
Wake Up
2015 The Most Beautiful Moment in Life, Part 1
4th Japan Single Album: For You
The Most Beautiful Moment in Life, Part 2
5th Japan Single Album: I Need U
6th Japan Single Album: Run
2016 The Most Beautiful Moment in Life: Young Forever
Youth
Wings
2017 You Never Walk Alone
Love Yourself 承 Her
2018 Love Yourself 轉 Tear
Love Yourself 結 Answer
IZ Angel"Angel" with Supreme Boi, co-composed "Granulate" with Kim Do-hoon
2019 TXT The Dream Chapter: Star
BTS Map of the Soul: Persona
BTS World: Original Soundtrack
TXT The Dream Chapter: Magic
2020 GFriend 回:Labyrinth
BTS Map of the Soul: 7
TXT The Dream Chapter: Eternity
GFriend 回:Song of the Sirens
BTS Map of the Soul: 7 ~The Journey~
TXT Minisode1: Blue Hour
GFriend 回:Walpurgis Night Co-wrote "Mago", production and writing credits in "Apple" and "Labyrinth"
Enhypen Border: Day One
2021 Border: Carnival
TXT The Chaos Chapter: Freeze
Seventeen Your Choice
TXT The Chaos Chapter: Fight or Escape
Enhypen Dimension: Dilemma
2022 Dimension: Answer
Le Sserafim Fearless Executive Producer
TXT minisode 2: Thursday's Child
Enhypen Manifesto: Day 1
Le Sserafim Antifragile Executive producer
2023 TXT The Name Chapter: Temptation
Le Sserafim Unforgiven Executive producer
&Team First Howling : WEProduction and writing credits in "Firework"

Lyrics and composition

Recognition

Awards

Name of the award ceremony, year presented, category, nominee(s) of the award, and the result of the nomination
Award ceremonyYearCategoryWork(s)ResultRef.
Melon Music Awards 2009Songwriter Award—Won [36]
Mnet 20's Choice Awards 201020's Most Influential Star AwardWon [37]
Korea Music Copyright Awards2011Best Lyricist (Ballad)Won [7]
Best Songwriter (Ballad)Won
Masterpiece AwardWon [38]
Asia Artist Awards 2016Best Producer AwardWon [39]
Melon Music AwardsSongwriter AwardWon [40]
Mnet Asian Music Awards Special Awards – Best Executive Producer Won [41]
Golden Disc Awards 2017Best ProducerWon [42]
Gaon Chart Music Awards Producer of the YearWon [43]
Korea Content AwardsPresidential CommendationWon [44]
Seoul Music Awards 2018Producer AwardWon [45]
Genie Music Awards Producer AwardWon [46]
Mnet Asian Music Awards Producer of the YearWon [47]
Edaily Culture AwardsFrontier AwardWon [48]
Pony Chung Innovation Awards2020Innovation AwardWon [49]
Mnet Asian Music Awards Best Executive Producer of the YearWon [50]

Listicles

Name of publisher, year listed, name of listicle, and placement
PublisherYearListiclePlacementRef.
Billboard 2018International Power Players – RecordingPlaced [51]
2019New Power Generation: 25 Top InnovatorsPlaced [52]
International Power Players – RecordingPlaced [53]

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References

  1. ↑ 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.
  2. 1 2 3 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.
  3. ↑ 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.
  4. ↑ 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.
  5. 1 2 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.
  6. ↑ 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.
  7. 1 2 3 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.
  8. ↑ "[기업 포커스]손 맞잡은 '친척' 방준혁·방시혁". 중소기업뉴스 (in Korean). May 4, 2018. Retrieved August 11, 2023.
  9. ↑ Lee, Sang-hyun (January 2, 2018). 文정부 첫 재외공관장 인사, 60명 교체…'非외교관' 공관장 증가(종합). Yonhap News Agency (in Korean). Archived from the original on April 23, 2022. Retrieved April 23, 2022.
  10. ↑ Yoon, Su-jeong. "'BTS 아버지' 배출한 유재하 음악경연대회...올해 주인공은?". The Chosun Ilbo .
  11. 1 2 3 4 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.
  12. ↑ 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.
  13. 1 2 3 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.
  14. ↑ 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.
  15. ↑ 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.
  16. ↑ Bruner, Raisa (October 8, 2019). "The Mastermind Behind BTS Explains the K-Pop Group's Success". Time.
  17. ↑ 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.)
  18. ↑ 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.
  19. ↑ 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.
  20. ↑ 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.
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  23. ↑ "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.
  24. ↑ Yoon, So-yeon (December 29, 2020). "Five Korean leaders in the entertainment industry named on Variety 500 list". Korea JoongAng Daily . Archived from the original on December 29, 2020. Retrieved December 29, 2020.
  25. ↑ "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.
  26. ↑ 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.
  27. ↑ Soriano, Jianne (June 3, 2021). "Bang Si-Hyuk, Founder Of BTS' Label, Makes His Debut On Forbes Korea's Richest List 2021". Tatler Hong Kong . Archived from the original on June 3, 2021. Retrieved June 3, 2021.
  28. ↑ 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.
  29. ↑ Stassen, Murray (July 1, 2021). "Bang Si-hyuk Steps Down As CEO Of Hybe, Formerly Known As Big Hit Entertainment". Music Business Worldwide . Archived from the original on July 12, 2021. Retrieved August 15, 2021.
  30. ↑ Lee, Yoojung (July 12, 2021). "K-Pop Billionaire Behind BTS Doubles Wealth on Adding Bieber". Bloomberg News . Archived from the original on July 19, 2021. Retrieved August 21, 2021.
  31. ↑ Bruner, Raisa (March 30, 2022). "Time100 Most Influential Companies of 2022 | HYBE and Bang Si-hyuk Are Transforming the Music Business—With a Little Help From BTS". Time . Archived from the original on March 30, 2022. Retrieved March 31, 2022.
  32. ↑ Lee, Jae-lim (March 31, 2022). "BTS, Bang Si-hyuk make the front of Time magazine, again". Korea JoongAng Daily . Archived from the original on March 31, 2022. Retrieved April 29, 2022.
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  34. ↑ Lee, Jae-lim (October 13, 2022). "HYBE founder Bang Si-hyuk donates $3.5 million to Community Chest of Korea". Korean JoongAng Daily (in Korean). Retrieved October 13, 2022– via Naver.
  35. ↑ Lee, So-yeon (February 17, 2023). "방시혁, 튀르키예 시리아 지진 피해자 위해 2억원 기부" [Bang Si-hyuk donates 200 million won to the victims of the earthquake in Turkey, Syria] (in Korean). iMBC . Retrieved February 17, 2023– via Naver.
  36. ↑ Lee, Soo-hyun; Moon, Wan-shik (December 16, 2009). 방시혁, 멜론뮤직어워즈 '송라이터상' 수상 [Bang Si-hyuk won the Melon Music Awards Songwriter Award]. Star News (in Korean). Archived from the original on July 20, 2020. Retrieved August 6, 2019.
  37. ↑ Moon, Wan-shik (August 26, 2010). 방시혁, 2010엠넷20's초이스 '가장 영향력있는 스타' 선정 [Bang Si-hyuk selected as 'Most Influential Star' in 2010 Mnet 20's Choice]. Star News (in Korean). Archived from the original on May 18, 2020. Retrieved August 6, 2019.
  38. ↑ 방시혁, 한국음악저작권대상 작품상 수상 [Bang Si-hyuk won the Korean Music Copyright Award]. Asia Economy (in Korean). December 5, 2011. Archived from the original on May 4, 2021. Retrieved June 22, 2020.
  39. ↑ Oh, Ji-won (November 16, 2016). 'AAA' 조진웅∙엑소 대상…방탄소년단∙박보검∙윤아 2관왕 [종합] [AAA Cho Jin-woong and EXO Grand Prize… BTS, Park Bo-gum, Yoon Ah, Two Crowns [Comprehensive]]. TV Daily (in Korean). Archived from the original on June 13, 2018. Retrieved August 6, 2019.
  40. ↑ Lee, Sang-won (November 20, 2016). "Winners from the 2016 MelOn Music Awards". Kpop Herald . Archived from the original on June 29, 2018. Retrieved August 6, 2019.
  41. ↑ Kim, Jin-seok (December 2, 2016). 방시혁, '2016 MAMA' 베스트 제작자상 수상 [Bang Si-hyuk won '2016 MAMA' Best Producer Award]. Daily Sports (in Korean). Archived from the original on March 22, 2019. Retrieved August 6, 2019– via Joins.
  42. ↑ Kee, Jung-hyun (January 14, 2017). [골든디스크]방탄 만든 방시혁, 제작자상… 랩몬이 대리수상 [[Golden Disc] BTS' producer Bang Si-hyuk, Producer's Award... Rap Monster accepts the award]. EDaily (in Korean). Archived from the original on July 21, 2020. Retrieved August 6, 2019.
  43. ↑ Hwang, Soo-yeon (February 22, 2017). [6th 가온차트]"더 없이 공정했다"..엑소 4관왕·블랙핑크 3관왕(종합) [[6th Gaon Chart] "It was perfectly fair" .. EXO's 4 crowns, Black Pink's triple crown(Comprehensive)]. Herald POP (in Korean). Archived from the original on March 22, 2019. Retrieved August 6, 2019.
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  45. ↑ Yoon, Jung-mi (January 25, 2018). [2018 서가대] 방시혁 올해의 제작자상 수상 '방탄도 함께 축하' [[2018 Seoul Music Awards] Bang Si-hyuk, winner of the Producer of the Year Award, 'celebrates with BTS']. News1 (in Korean). Archived from the original on July 20, 2020. Retrieved August 6, 2019.
  46. ↑ Herman, Tamar (November 6, 2018). "BTS Performs Alongside Charlie Puth at 2018 MGAs". Billboard . Archived from the original on November 6, 2018. Retrieved November 6, 2018.
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  51. ↑ "Billboard's 73 International Power Players Revealed: Ed Sheeran's Manager Stuart Camp Leads The Field" . Billboard . May 21, 2018. Archived from the original on November 9, 2020. Retrieved June 16, 2021.
  52. ↑ "Meet Music's New Power Generation: 25 Top Innovators" . Billboard . February 7, 2019. Archived from the original on November 7, 2020. Retrieved June 16, 2021.
  53. ↑ "Revealed: Billboard's 2019 International Power Players Led By Drake's OVO Team" . Billboard . May 28, 2019. Archived from the original on November 8, 2020. Retrieved June 16, 2021.
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