How much could the sales and net profit be of Korea’s three biggest entertainment agencies, SM Entertainment, YG Entertainment, and JYP Entertainment?
All three hold the nation’s most popular idol groups and Lee Soo Man (SM), Yang Hyun Suk (YG) and Park Jin Young (JYP) are all the largest shareholders in their respective agencies. K-pop fans have always been curious of the competition between the three with sales being of no exception.
SME, the only company of the three to be selling shares in KOSDAQ, recorded sales of 61,788,490,000 Won (55.6 million USD) and rose to the number one spot. Their sales have risen from the previous year of 43.7 billion Won (39 million USD). Last year, numerous SME idol groups Girls’ Generation, Super Junior, SHINee, TVXQ, f(x) and BoA were extremely active both domestically and overseas and reaped in great sales for the agency.
Regarding operating profits, which are calculated by subtracting factors such as the production of cost and salaries from sales, SM reaped in a total of 9.266 billion Won (8.3 million USD).
In net profits, SM earned 4.471 billion Won (4 million USD) in profits. (omitted)
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