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 21,320 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Jackson
[FAN EVENT RESULTS] Here are the winners of Jackson Wang's 'MAGICMAN 2 WORLD TOUR' tickets in North America!
9 days ago      14,614
VIVIZ
VIVIZ terminates exclusive contract with Big Planet Made Entertainment, issues official legal statement
6 hours ago      7,235
ENHYPEN, Heeseung
Former ENHYPEN member Heeseung introduces new identity “EVAN” following departure
4 hours ago      6,716
SHINee, Onew, Jonghyun, Key, Minho, Taemin
SHINee honors late Jonghyun on his birthday with heartfelt tribute
11 hours ago      3,351
ALPHA DRIVE ONE
BREAKING
ALPHADRIVEONE's Kim Geon Woo halts activities amid controversy, handwritten letter and agency statement released
7 hours ago      6,393
BLACKPINK, Lisa
BLACKPINK LISA and Anyma join forces for the new collaboration single "Bad Angel"
1 minute ago      0
Go Youn Jung, Koo Kyo Hwan
JTBC teams up with Seoul for 'Space-out Competition' ahead of new drama premiere 'We're All Trying Here'
28 minutes ago      525
&TEAM
&TEAM to headline Global Citizen Live in Tokyo
57 minutes ago      677
IVE, Wonyoung
IVE's Wonyoung selected as Dyson ambassador, highlights growing influence
2 hours ago      1,516
Seventeen, DK, Seungkwan
Seventeen's DxS (DK & Seungkwan) release “Feel Me” studio teaser
2 hours ago      540
Jackson
[FAN EVENT RESULTS] Here are the winners of Jackson Wang's 'MAGICMAN 2 WORLD TOUR' tickets in North America!
9 days ago      14,614
VIVIZ
VIVIZ terminates exclusive contract with Big Planet Made Entertainment, issues official legal statement
6 hours ago      7,235
IU, Lee Sang Soon
IU reunites with Lee Sang Soon on radio show, recalls ‘Hyori’s Bed & Breakfast’ days
3 hours ago      1,553
&TEAM
&TEAM to headline Global Citizen Live in Tokyo
57 minutes ago      677
ENHYPEN, Heeseung
Former ENHYPEN member Heeseung introduces new identity “EVAN” following departure
4 hours ago      6,716
© 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