7

0

General

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

AKP STAFF
Posted by Dani-Dee Monday, October 15, 2018
misc.
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.
  1. misc.
0 21,299 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
NCT, Mark, NCT U, NCT 127, NCT Dream
BREAKING
Mark concludes his exclusive contract with SM Entertainment, leaves NCT
3 hours ago      22,721
Jackson
[FAN EVENT RESULTS] Here are the winners of Jackson Wang's 'MAGICMAN 2 WORLD TOUR' tickets in North America!
4 days ago      7,792
NOWZ
EXCLUSIVE
[INTERVIEW] NOWZ reflects on their Japanese debut with 'NOWZ' and recent concert milestone
3 days ago      4,925
Na Haeun, UNCHILD
'Dancing child prodigy' Na Haeun garners attention for her changed appearance as she prepares for girl group debut
5 hours ago      8,723
Lee Kwang Soo, Lee Sun Bin
Lee Kwang Soo and Lee Sun Bin spotted enjoying relaxed Han River date together
3 days ago      22,241
NCT, Mark, NCT U, NCT 127, NCT Dream
BREAKING
Mark concludes his exclusive contract with SM Entertainment, leaves NCT
3 hours ago      22,721
NOWZ
EXCLUSIVE
[INTERVIEW] NOWZ reflects on their Japanese debut with 'NOWZ' and recent concert milestone
3 days ago      4,925
Jackson
[FAN EVENT RESULTS] Here are the winners of Jackson Wang's 'MAGICMAN 2 WORLD TOUR' tickets in North America!
4 days ago      7,792
Cha Jun Hwan
Figure skater Cha Jun Hwan signs exclusive contract with Fantagio, set to shine as a “Versatile Sportainerâ€
16 minutes ago      270
Ha Jung Woo
Cha Jung Won attends Ha Jung Woo’s new wine launch party, shows support after going public as a couple
38 minutes ago      771
NCT, Mark, NCT U, NCT 127, NCT Dream
BREAKING
Mark concludes his exclusive contract with SM Entertainment, leaves NCT
3 hours ago      22,721
NOWZ
EXCLUSIVE
[INTERVIEW] NOWZ reflects on their Japanese debut with 'NOWZ' and recent concert milestone
3 days ago      4,925
Jackson
[FAN EVENT RESULTS] Here are the winners of Jackson Wang's 'MAGICMAN 2 WORLD TOUR' tickets in North America!
4 days ago      7,792
Na Haeun, UNCHILD
'Dancing child prodigy' Na Haeun garners attention for her changed appearance as she prepares for girl group debut
5 hours ago      8,723
NCT, Mark
Mark pens a heartfelt letter of gratitude to fans as he parts ways with NCT and SM Entertainment
2 hours ago      2,934
© 2007 - 2026 allkpop.com
allkpop® is a registered trademark of allkpop, LLC.

allkpop, LLC
3530 Wilshire Blvd Suite 1280
Los Angeles, CA 90010

ABOUT | ADVERTISE | COOKIES | PRIVACY | TERMS
New Message

SEND