BTS is still going strong!  The popular seven-member band isn't always going on hiatus, a release shared with PEOPLE on Wednesday clarifies.

Instead, they plan to launch both group and solo projects as they embark on their "new chapter" together.

The release comes when BTS members RM, Jungkook, J-Hope, Jin, V, Jimin and Suga  announced a temporary hiatus during the group's annual FESTA dinner to celebrate nine years together.

"The group will remain active as a team while taking individual journey to similarly achieve personal growth," per the release from HYBE, the agency that represents BTS

HYBE's parent company BIGHIT MUSIC added, "BTS now starts a new chapter with new solo projects as well as group tasks. Members will take this time to get personal growth via various new activities.

, and we expect it to further strengthen the foundation for the group's long-run as a team. BIGHIT MUSIC will actively support the artists."

Last week, BTS released a compilation album titled Proof, a 35-track release that includes some of the band's hits, unreleased songs, demos, and more.

Tyson stated of the project: "I have been searching to tell my tale for quite a few time... Hulu's Mike will best on Thursday, August 25.