Music Business News: South Korea
Analysis News The biggest stories from the past week – all in one place… News Weverse will reportedly take up to 60% of the revenue generated on its new paid membership service News The alliance comes as Tencent Music expands its global presence and increasingly moves into live music News Holders of a series of HYBE's convertible bonds have requested early repayment, pushing the K-pop giant into a fast refinance News TikTok recently announced the shutdown of its TikTok Music streaming service, but that's not the end of its musical ambitions News Spotify launched in South Korea in February 2021 without its ad-supported tier Analysis News The HYBE-owned fan platform continues to expand its roster of non-K-pop acts News HYBE is embroiled in an ongoing conflict with Min Hee-jin, ex-CEO of sub-label ADOR