Posted by danisurst AKP STAFF Monday, October 15, 2018

K-Pop popularity rise responsible for staggering 40% increase in Korean album sales

The Music Copyright Association of Korea has announced that Korean album sales have risen by an impressive 45% since last year.

The organization has compiled all the album sales data from January 1 through September 30 and found that fans have spent 155 billion Korean won (approximately $136.8 million USD) on albums this year so far. This is a 49 billion Korean won (approximately $43.3 million USD) increase from where sales were this time last year.

"The album sales of K-Pop artists like BTS, Wanna One, Red Velvet, GOT7, and TWICE are growing exponentially, increasing the domestic music copyright market," a source from the organization explained.

Meanwhile, Music Copyright Association of Korea chairman Hong Jin Young announced that the international K-Pop market is rapidly approaching $5 billion USD.
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