Music Business News: South Korea

Too Lost signs direct partnership with South Korean streaming service Melon

The indie music distributor and publisher says the move is “another strategic step” in its global expansion

All NewJeans members return to HYBE’s ADOR after court ruling on contract dispute

HYBE-owned ADOR said Haerin and Hyein have decided "to respect the court's latest ruling" after "thoughtful consideration."

Analysis News

KATSEYE Grammy nominations mark breakthrough for HYBE’s global expansion strategy… and 3 other things we learned from the firm’s Q3 earnings call

MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories

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HYBE’s Weverse superfan platform is growing – and going big in China

HYBE's superfan platform Weverse is making significant inroads into China through strategic partnerships with two of the market's digital giants

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South Korean tax authorities open probe into ticket scalpers

South Korean tax authorities are looking into how 400 entities, representing the top 1% of sellers on major ticketing platforms, control nearly half of all sales.

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HYBE generated over half a billion dollars in Q3, as K-Pop company’s concert revenues surge 231% YoY

Weverse had 11.6 million monthly active users, up by +700,000 from the 10.9 million recorded in Q2 202.

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SM Entertainment’s operating profit soars 261% amid streak of hit K-pop albums, growth at fan platform DearU

A sharp jump in concert and merchandise revenue also contributed to the company's blockbuster Q3 earnings

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K-pop superfan platform bemyfriends, a rival to Weverse, acquires controlling stake in SK Group’s music streaming operator Dreamus for $38.5m

News arrives just over a week after bemyfriends secured a $14.7m investment from Goodwater Capital