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Hybe Emerges as the First K-pop Agency to Surpass 2 Trillion Won in Annual Sales

Hybe Emerges as the First K-pop Agency to Surpass 2 Trillion Won in Annual Sales

SEOUL, Feb. 26 (Korea Bizwire) – Hybe said Monday its annual sales surpassed 2 trillion won (US$1.5 billion) in 2023, making it the first K-pop agency ever to reach the milestone. This achievement comes despite the absence of BTS’ group projects due to members’ mandatory military service. The company attributed the achievement to robust album and concert sales by its major artists, including Seventeen, Tomorrow X Together, NewJeans, Enhypen and BTS members as soloists. According to a regulatory filing, the firm [...]

K-Pop Power: How Global Brands are Tapping into the Korean Wave

K-Pop Power: How Global Brands are Tapping into the Korean Wave

  SEOUL, Feb. 26 (Korea Bizwire) – As K-pop continues to capture hearts worldwide, the food and beverage industry is keenly leveraging this global phenomenon by collaborating with K-pop artists to target international markets. Coca-Cola is setting a prime example by launching a special edition product named ‘Coca-Cola Zero K-Wave’ in 36 countries, drawing inspiration from [...]

K-pop’s Momentum Continues, Girl Groups Dominate in 2023

K-pop’s Momentum Continues, Girl Groups Dominate in 2023

SEOUL, Dec. 15 (Korea Bizwire) — As the year 2023 draws to a close, the K-pop industry reflects on a year marked by extended global expansion and a continued craze for girl groups following the trend from last year. While the temporary hiatus of superstar BTS for its members’ mandatory military service posed a new [...]

Jungkook Records Biggest 1st-week Sales for K-pop Soloist with ‘Golden’

Jungkook Records Biggest 1st-week Sales for K-pop Soloist with ‘Golden’

SEOUL, Nov. 10 (Korea Bizwire) — Jungkook of global K-pop sensation BTS has hit another “golden” milestone in the music market with his first solo album, “Golden.” According to Hanteo Chart, a leading local tracker of albums sales, “Golden” has sold 2.438 million copies as of midnight Friday, becoming the most-sold album by a K-pop [...]

Breaking the ‘Seven-Year Jinx’: Longevity and Unity Redefine K-Pop’s New Era

Breaking the ‘Seven-Year Jinx’: Longevity and Unity Redefine K-Pop’s New Era

SEOUL, Oct. 25 (Korea Bizwire) – In a departure from the past, when K-pop idol groups faced the so-called ‘seven-year jinx,’ it is now increasingly common to witness the longevity of these ensembles. Even when affiliated with different entertainment agencies, the members of these long-lasting K-pop idol groups persist in performing together under the same group [...]

Seventeen Drops New EP, Records Biggest Preorders in K-pop History

Seventeen Drops New EP, Records Biggest Preorders in K-pop History

SEOUL, Oct. 23 (Korea Bizwire) — K-pop boy group Seventeen released its 11th EP, “Seventeenth Heaven,” on Monday, the group’s management agency said. “Seventeenth Heaven” is an adaptation of the English expression “seventh heaven,” which means “a state of extreme happiness,” according to Pledis Entertainment. “We have always said we will be the best,” member [...]