There's been growing support to allow K-pop superstars BTS to postpone or even skip mandatory military service in South Korea. AP Photo
There's been growing support to allow K-pop superstars BTS to postpone or even skip mandatory military service in South Korea. AP Photo
There's been growing support to allow K-pop superstars BTS to postpone or even skip mandatory military service in South Korea. AP Photo
There's been growing support to allow K-pop superstars BTS to postpone or even skip mandatory military service in South Korea. AP Photo

K-pop band BTS gets public support to postpone or skip military service


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South Koreans are calling for members of popular K-pop band BTS to be granted alternatives or delays to mandatory military service. Lawmakers and fans argue they are doing plenty for their country without donning a soldier's uniform.

By law, all able-bodied men in South Korea aged between 18 and 28 must serve in the military for about two years, as part of the country's defence measures against North Korea.

The eldest member of the band, Jin, is 27 and will be required to sign up by the end of next year. The other six will reach the age of conscription over the next few years.

South Korea has previously granted exemptions for high-profile athletes such as Tottenham Hotspur forward Son Heung-min as well as classical musicians such as award-winning pianist Seong-Jin Cho, but there have been none for K-pop stars.

"Not everyone has to take up a rifle to serve the country," said Noh Woong-rae, a senior member of the ruling Democratic Party. His comments at party meeting on Monday received widespread media coverage.

Mr Noh said BTS members could instead work as ambassadors during their overseas travels to promote a group of islets at the centre of a territorial dispute with Japan.

His comments came after a proposal by fellow party member Jeon Yong-gi last month to revise the law so that some K-pop stars could delay military service until the age of 30.

"For the sake of the fairness, we are not talking about exempting them from their duty, but pop musicians and artists like BTS – their careers can blossom in their twenties," said Mr Jeon.

For the sake of the fairness, we are not talking about exempting them from their duty, but pop musicians and artists like BTS – their careers can blossom in their twenties

"We cannot let military duty block their way at the height of their careers."

The public appears to support special treatment for the band with a massive global fan base, which also became the first South Korean group to reach No 1 on the US Billboard Hot 100 singles chart.

A recent survey by domestic news website Kuki News showed about  one-third of respondents believed the band should be exempt from military service, while another one-third supported a postponement.

BTS's label, Big Hit Entertainment, declined to comment on the matter, while individual members of the band have previously said they are willing to complete military service.

"Military service is the natural duty and when duty calls, I will respond any time," said Jin in February.

Big Hit, which plans to go public on the stock market on October 15, has said in its IPO prospectus that military service is a key risk for investors.

That has not stopped investors jumping on the offering, however, with orders from retail investors totalling $50.3 billion won, about 607 times the value of shares on offer, lead arranger NH Investment & Securities said on Tuesday.

Scroll through the gallery below to see BTS through the years: 

  • BTS through the years: the K-pop band at the Korean Culture Convention (K-Con), held at the Los Angeles Memorial Sports Arena on August 10, 2014. AFP
    BTS through the years: the K-pop band at the Korean Culture Convention (K-Con), held at the Los Angeles Memorial Sports Arena on August 10, 2014. AFP
  • Members of BTS arrive on the red carpet for K-Con 2014. AFP
    Members of BTS arrive on the red carpet for K-Con 2014. AFP
  • BTS on the red carpet for the Asia Artist Awards in Seoul on November 16, 2016. AFP
    BTS on the red carpet for the Asia Artist Awards in Seoul on November 16, 2016. AFP
  • Jin, Suga, J-Hope, RM, Jimin, V and JungKook of BTS at Music Choice in New York City on March 22, 2017. Getty
    Jin, Suga, J-Hope, RM, Jimin, V and JungKook of BTS at Music Choice in New York City on March 22, 2017. Getty
  • BTS perform Fake Love at the Billboard Music Awards at the MGM Grand Garden Arena in Las Vegas on May 20, 2018. AP
    BTS perform Fake Love at the Billboard Music Awards at the MGM Grand Garden Arena in Las Vegas on May 20, 2018. AP
  • BTS accept the Top Social Artist award at the Billboard Music Awards on May 20, 2018. Reuters
    BTS accept the Top Social Artist award at the Billboard Music Awards on May 20, 2018. Reuters
  • BTS attend the 73rd session of the United Nations General Assembly on September 24, 2018. AP
    BTS attend the 73rd session of the United Nations General Assembly on September 24, 2018. AP
  • BTS perform during a Korean cultural event in Paris as part of the South Korean president's official visit to France on October 14, 2018. AFP
    BTS perform during a Korean cultural event in Paris as part of the South Korean president's official visit to France on October 14, 2018. AFP
  • BTS on the red carpet at the Mnet Asian Music Awards in Hong Kong on December 14, 2018. AP
    BTS on the red carpet at the Mnet Asian Music Awards in Hong Kong on December 14, 2018. AP
  • BTS at the Seoul Music Awards on January 15, 2019. Getty
    BTS at the Seoul Music Awards on January 15, 2019. Getty
  • BTS present the award for Best R&B Album during the 61st Grammy Awards on February 10, 2019, in Los Angeles. AFP
    BTS present the award for Best R&B Album during the 61st Grammy Awards on February 10, 2019, in Los Angeles. AFP
  • BTS perform on Saturday Night Live on April 11, 2019. Getty
    BTS perform on Saturday Night Live on April 11, 2019. Getty
  • BTS before rehearsals for KBS 2TV's Music Bank in Yeouido, Seoul, on April 19, 2019. Getty
    BTS before rehearsals for KBS 2TV's Music Bank in Yeouido, Seoul, on April 19, 2019. Getty
  • BTS perform at concert to promote 18th Fina World Championships at a stadium in Gwangju, South Korea on April 28, 2019. EPA
    BTS perform at concert to promote 18th Fina World Championships at a stadium in Gwangju, South Korea on April 28, 2019. EPA
  • BTS and Halsey performing Boy With Luv at the Billboard Music Awards on May 1, 2019. Reuters
    BTS and Halsey performing Boy With Luv at the Billboard Music Awards on May 1, 2019. Reuters
  • BTS attend Youth Day at the Presidential Blue House in Seoul on September 19, 2020. Reuters
    BTS attend Youth Day at the Presidential Blue House in Seoul on September 19, 2020. Reuters
  • BTS present a purple gift box to President Moon Jae-in during the inaugural Youth Day event in Seoul on September 19, 2020. EPA
    BTS present a purple gift box to President Moon Jae-in during the inaugural Youth Day event in Seoul on September 19, 2020. EPA
  • BTS on the red carpet during the annual Mama Awards at Nagoya Dome in Nagoya, Japan, on December 4, 2019. Reuters
    BTS on the red carpet during the annual Mama Awards at Nagoya Dome in Nagoya, Japan, on December 4, 2019. Reuters
  • BTS at the 34st annual Golden Disk Awards ceremony in Seoul on January 4, 2020. EPA
    BTS at the 34st annual Golden Disk Awards ceremony in Seoul on January 4, 2020. EPA
  • BTS arrive at the 62nd annual Grammy Awards in Los Angeles on January 26, 2020. AP
    BTS arrive at the 62nd annual Grammy Awards in Los Angeles on January 26, 2020. AP
  • BTS visit the Today Show at Rockefeller Plaza in New York City on February 21, 2020. AFP
    BTS visit the Today Show at Rockefeller Plaza in New York City on February 21, 2020. AFP
  • BTS give an address as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
    BTS give an address as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
  • BTS performing as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
    BTS performing as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
  • BTS perform 'Dynamite' during the MTV Video Music Awards on August 30, 2020. Reuters
    BTS perform 'Dynamite' during the MTV Video Music Awards on August 30, 2020. Reuters
  • BTS accept the award for Best Pop Video for 'On' during the MTV Video Music Awards on August 30, 2020. AP
    BTS accept the award for Best Pop Video for 'On' during the MTV Video Music Awards on August 30, 2020. AP
  • BTS arrives to security check-in at the United Nations headquarters during the 76th Session of the UN General Assembly in New York on September 20, 2021. AFP
    BTS arrives to security check-in at the United Nations headquarters during the 76th Session of the UN General Assembly in New York on September 20, 2021. AFP
  • V, Suga, Jin, Jungkook, RM, Jimin and J-Hope of BTS arrive at the 2021 American Music Awards at the Microsoft Theater in Los Angeles, California on November 21, 2021. Reuters
    V, Suga, Jin, Jungkook, RM, Jimin and J-Hope of BTS arrive at the 2021 American Music Awards at the Microsoft Theater in Los Angeles, California on November 21, 2021. Reuters
  • BTS accepts the award for artist of the year at the American Music Awards in 2021 at the Microsoft Theater in Los Angeles. AP
    BTS accepts the award for artist of the year at the American Music Awards in 2021 at the Microsoft Theater in Los Angeles. AP
  • Jin, Suga, V, Jungkook, RM, Jimin, and J-Hope of BTS hold their award for the Favourite Pop Song, Favourite Duo or Group and Artist of the Year awards during the 2021 American Music Awards. Reuters
    Jin, Suga, V, Jungkook, RM, Jimin, and J-Hope of BTS hold their award for the Favourite Pop Song, Favourite Duo or Group and Artist of the Year awards during the 2021 American Music Awards. Reuters
  • BTS pose on red carpet of iHeartRadio Jingle Ball concert in California on December 3, 2021. Reuters
    BTS pose on red carpet of iHeartRadio Jingle Ball concert in California on December 3, 2021. Reuters
  • BTS perform at Jamsil Olympic Park in southern Seoul, South Korea on March 10, 2022. EPA
    BTS perform at Jamsil Olympic Park in southern Seoul, South Korea on March 10, 2022. EPA
  • BTS pose on red carpet of 64th Annual Grammy Awards at the MGM Grand Garden Arena in Las Vegas, Nevada on April 3, 2022. Reuters
    BTS pose on red carpet of 64th Annual Grammy Awards at the MGM Grand Garden Arena in Las Vegas, Nevada on April 3, 2022. Reuters
  • BTS perform Butter during 64th Annual Grammy Awards show in Las Vegas, Nevada on April 3, 2022. Reuters
    BTS perform Butter during 64th Annual Grammy Awards show in Las Vegas, Nevada on April 3, 2022. Reuters
  • BTS Permission to Dance concert in Las Vegas on April 10, 2022. Photo: Big Hit Music
    BTS Permission to Dance concert in Las Vegas on April 10, 2022. Photo: Big Hit Music
  • Members of BTS join Karine Jean-Pierre, White House press secretary, centre, during a news conference at the White House in Washington DC on May 31, 2022. Photo: Oliver Contreras / Sipa / Bloomberg
    Members of BTS join Karine Jean-Pierre, White House press secretary, centre, during a news conference at the White House in Washington DC on May 31, 2022. Photo: Oliver Contreras / Sipa / Bloomberg
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Match info

Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')

Man of the Match: Sead Kolasinac (Arsenal)

Match info

Arsenal 0

Manchester City 2
Sterling (14'), Bernardo Silva (64')

The biog

Favourite Emirati dish: Fish machboos

Favourite spice: Cumin

Family: mother, three sisters, three brothers and a two-year-old daughter

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EGrowdash%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJuly%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESean%20Trevaskis%20and%20Enver%20Sorkun%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ERestaurant%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%20so%20far%3A%3C%2Fstrong%3E%20%24750%2C000%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Plus%20VC%2C%20Judah%20VC%2C%20TPN%20Investments%20and%20angel%20investors%2C%20including%20former%20Talabat%20chief%20executive%20Abdulhamid%20Alomar%2C%20and%20entrepreneur%20Zeid%20Husban%3C%2Fp%3E%0A
Fixtures

Sunday, December 8, Sharjah Cricket Stadium – UAE v USA

Monday, December 9, Sharjah Cricket Stadium – USA v Scotland

Wednesday, December 11, Sharjah Cricket Stadium – UAE v Scotland

Thursday, December 12, ICC Academy, Dubai – UAE v USA

Saturday, December 14, ICC Academy, Dubai – USA v Scotland

Sunday, December 15, ICC Academy, Dubai – UAE v Scotland

Note: All matches start at 10am, admission is free

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

UAE currency: the story behind the money in your pockets
Dates for the diary

To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:

  • September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
  • October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
  • October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
  • November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
  • December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
  • February 2, 2018 Bodytree will host its 4th annual yoga market.
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

The Cockroach

 (Vintage)

Ian McEwan 
 

MATCH INFO

World Cup qualifier

Thailand 2 (Dangda 26', Panya 51')

UAE 1 (Mabkhout 45 2')

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes