Music Business News: South Korea
News News arrives a day after Miley Cyrus’ Flowers was named the biggest-selling single globally last year News South Korea-based entertainment giant HYBE has published its earnings for Q4 and FY 2023 News The K-pop giant has trimmed its revenue target for 2025 from KRW 1.8 trillion to KRW 1.4 trillion Analysis UMG has been experimenting with HYBE and Weverse since back in 2020. What's it learned? News Apple Music Classical launched in March 2023, following Apple’s acquisition of Netherlands-based classical music streaming service Primephonic in 2021 Interviews Sung Soo Han founded SEVENTEEN’s label, developed the group, and oversees all creative processes for the HYBE-owned label’s roster. News This expansion marks a key step for Apple Music Classical, reaching regions where classical music holds a deep cultural significance News YG Entertainment's share price dropped 6.6% on the Seoul exchange following the news.