Music Business News: South Korea

SM Entertainment, the K-pop giant behind superstars like NCT Dream, sees revenues rise 11.8% YoY to over $200m in Q3

Consolidated operating profit amounted to a record high of KRW 50.5 billion ($38.5 million), up 69.8% YoY

‘The catalog acquisition business requires not just capital, but long-standing trust, reputation, and rapport.’

MBW's World Leaders series interviews Jangwon Lee, CEO of Korea-based catalog buying fund Beyond Music

Jungkook’s debut album ‘GOLDEN’ sold over 2m copies on its first day – a new record for a solo K-Pop act

K-Pop star's album was released on Friday (November 3)

From HYBE’s $400m+ in Q3 to Kobalt’s partnership with Morgan Stanley… it’s MBW’s Weekly Round-Up

The five biggest stories to hit our headlines over the past seven days

Sales from Seventeen, Jungkook and other BTS solo stars drove HYBE’s revenues to over $400m in Q3

South Korea-based entertainment giant HYBE has published its financial results for Q3

Jungkook smashes record for fastest song to hit 1bn streams on Spotify with ‘Seven’

Seven smashed the previous record set by Miley Cyrus’ Flowers

HYBE-signed K-Pop stars Le Sserafim partner with games developer Blizzard Entertainment for Overwatch 2 collaboration

The deal marks the game’s first musical artist collaboration

The strategic reason HYBE’s Chairman wants to retire in 10 years, and 2 other things we learned from Bang Si-Hyuk’s recent interview

Bang Si-hyuk explained the logic behind HYBE's US expansion, the differences between the US and Korean music industries, and his retirement, in recent chat with Bloomberg