Korean creative industry body KOCCA has published its report on the first half of 2022, and there was good news for South Korea’s music industry.
Its revenues grew by 31.7% year-on-year according to the report. In percentage growth terms that’s behind only films (with sales up 58.1%) but ahead of comics, games, broadcasting, publishing, animation and other creative sectors.
The report also found that music export revenues were up 26.2% year-on-year thanks to the continued success of top K-Pop artists internationally, particularly BTS and Blackpink.
For more on the South Korean market and the impact of its artists abroad, read our most recent country profile, which was published in June. There’s also our dive into K-Pop analytics with Last.fm from November, and this month’s recap article on nine notable moments for K-Pop music in 2022.