K-Pop band BTS scores huge hit on South Korea stock market in management firm's IPO

Investors scramble to buy shares in Big Hit Entertainment amid speculation that the boy band members could be allowed to defer military service

The management company behind the popular South Korean boy band BTS has scored a huge hit on the country's stock market after its shares doubled on their first day of trading.

Investors scrambled to buy into the success story of Big Hit Entertainment amid speculation that the South Korean government could allow K-pop and other celebrities to defer their military service, citing their huge contribution to the country's economy and international reputation.