Tag: south korea
Kakao Entertainment plans merger with streaming service Melon
There are big things afoot in the South Korean music industry this week, and for once they have nothing to do with K-Pop stars like BTS or Blackpink. Instead, Kakao Entertainment, already a key music distributor and media...
July 19, 2021
In South Korea, album sales (yes: sales) are growing fast
South Korea’s digital music market is buoyant, as we reported in our country profile earlier this year. Now there’s some more data on how album sales are also having a roaring time of it there in 2021. It comes courtesy...
July 5, 2021
Kakao spends $950m on ‘storytelling’ startups from the US
South Korean firm Kakao Entertainment was recently making music industry headlines with its dispute with Spotify that briefly saw a significant chunk of K-Pop music removed from the streaming service. Kakao Entertainment...
May 11, 2021
Spotify faces K-Pop conundrum after loss of Kakao M catalogue
Spotify is excited about having finally launched in South Korea, but the company will be rather less excited about losing a significant chunk of its K-Pop catalogue globally. After licensing negotiations broke down with one...
March 1, 2021
Big Hit Entertainment revenues grew 36% to $716.7m in 2020
K-Pop giant Big Hit Entertainment had an excellent 2020 despite the Covid-19 pandemic. Its financial results, published yesterday, revealed that the company behind BTS’s revenues grew by 36% last year to KRW 796.3bn...
February 24, 2021
South Korea’s digital growth isn’t just fuelled by K-Pop stars
The growing popularity of hip hop and the changing habits of K-Pop fans are helping to fuel a digital music boom in South Korea that show little sign of abating, according to Clayton Jin, CEO, Warner Music Korea. “K-Pop...
February 23, 2021
Country Profile – South Korea 2021
South Korea’s music business remains buoyant in 2021, with digital music in particular on the rise – despite K-Pop fans’ enduring love of physical goods
February 22, 2021
South Korean video services protest at increased music rates
A group of video streaming services in South Korea are protesting at plans to increase the royalties they pay for music used in the content on their platforms. The Korea Herald has the story, which explains that the Korea...
February 18, 2021
Spotify launches in South Korea without its free tier
It took a while, but Spotify is finally live in South Korea, launching there yesterday with its 60m track catalogue and 120 new playlists tuned for the tastes of Korean music fans. There’s a key difference to Spotify’s...
February 2, 2021
Big Hit Entertainment investing in K-Pop rival YG Entertainment
As we’ve found out when reporting on any story comparing BTS and Blackpink, different K-Pop fandoms can be… competitive. So it’s anyone’s guess what they’ll make of the news that BTS’s...
January 28, 2021
Spotify opens songwriters hub and preps South Korea launch
“It’s hard to overstate the importance of songwriters to the music-making process. They’re responsible for the lyrics, melodies, beats and chords that make up the songs we love,” is how Spotify opened its...
December 18, 2020