Mumbai, Dec. 10 -- In a shocking turn of events, South Korean network JTBC's "News Room" claimed that BTS is planning on taking legal actions against their agency Big Hit Entertainment. The international report claims that the K-Pop band, that has been with the agency for over seven years, is planning to take action against them over "profit distributions." The report claimed that Jin, Suga, Jungkook, V, Jimin, J-Hope, and RM reached out to a large law firm based in Seoul's Gangnam district to seek legal advice. However, a lengthy statement issued by Big Hit Entertainment denies the report.

Deeming the claims "false," the statement clarifies, "BTS is not trying to take legal action because of a specific issue, but rather is consulting wi...