The 4 largest leisure firms within the K-Pop trade not too long ago shared info on their high executives’ remunerations. The reported figures cowl salaries and bonuses obtained for the primary half of 2022 primarily based on semi-annual experiences submitted by every leisure firm.

1. JYP Entertainment

JYP Entertainment (JYP) founder, singer, and producer Park Jin Young obtained a wage of ₩2.10 billion KRW (about $1.60 million USD), which is ₩234 million KRW (about $179,000 USD) in wage and ₩1.90 billion KRW (about $1.45 million USD) in bonuses within the first half of the 12 months.

JYP Founder, Singer, and Producer Park Jin Young | JYP Entertainment/Youtube

JYP CEO Jung Wook obtained a wage of ₩156 million KRW (about $119,000 USD) and a bonus of ₩1.10 billion KRW (about $839,000 USD), for a complete of ₩1.26 billion KRW (about $958,000 USD). The firm said that these figures have been “in accordance with the executive remuneration regulations, the basic salary was paid in consideration of job duties, leadership, professionalism, and contribution to the company.”

JYP Entertainment posted a <krw>15.1 billion gained</krw> internet revenue in the course of the April to June 2022 interval. Their robust efficiency was due to the live performance ticket gross sales from the world excursions of Twice, Stray Kids, and 600,000 copies of Twice member Nayeon’s solo album bought by Twice member, which was launched on June 24.

Nayeon selling her solo debut monitor “Pop!” on Inkigayo | SUB SKY POP X INKIGAYO/Youtube

Twice and ITZY will every release a brand new EP, whereas Stray Kids is slated to release a digital single within the third quarter. Twice may also roll out a Japanese album by the tip of September.

2. SM Entertainment

SM Entertainment CEO Lee Sung Su obtained ₩1.89 billion KRW (about $1.44 million USD) which is comprised of his precise wage at ₩159 million KRW (about $121,000 USD), together with the bonus of ₩1.65 billion KRW (about $1.26 million USD).

Co-CEO Tak Young Jun obtained ₩1.88 billion KRW (about $1.43 million USD)which is comprised of his precise wage at ₩158 million KRW (about $121,000 USD) together with the identical bonus of ₩1.65 billion KRW (about $1.26 million USD).

SM Entertainment CEOs Lee Sung Soo and Tak Young Joon | @SMTOWNGLOBAL/Twitter

Producer Lee Soo Man, founding father of SM leisure and the most important shareholder with an 18.46% stake in SM, is now not a part of the board of administrators, and his wage was not disclosed.

SM Entertainment not too long ago launched aespa‘s and Super Junior‘s albums last month, and Girls’ Generation album this August.

aespa of their “Girls” MV | SMTOWN/Youtube

 3. HYBE

HYBE CEO Park Ji Won amassed a complete of ₩700 million KRW (about $534,000 USD) for the primary half of the 12 months, with a wage of ₩250 billion KRW (about $191 million USD) and a bonus of ₩450 million KRW (about $343,000 USD). The firm states, “the performance pay was approved by the board of directors based on a comprehensive evaluation of management performance in 2021 taken into account.”

HYBE CEO Park Ji Won | TechM

The remuneration of Bang Si-hyuk, chairman of HYBE’s board of administrators and the corporate’s largest shareholder with a 31.8% stake, was not disclosed.

HYBE not too long ago debuted two woman teams, particularly Le Sserafim and NewJeans, by its subsidiaries Source Music and ADOR, respectively. HYBE is at present holding international auditions in pursuit of its plans to debut extra teams by its current subsidiaries in 2023.

HYBE’s newest woman group NewJeans | HYBE LABELS/Youtube

4. YG Entertainment

YG Entertainment didn’t disclose the earnings of its executives. It is interpreted that it’s because the registered executives who don’t obtain greater than ₩500 million KRW (about $381,000 USD) are usually not obligated to reveal. According to the semi-annual report by YG Entertainment, the common remuneration paid to seven administrators and auditors, together with CEO Hwang Bo Kyung, was ₩139 million KRW (about $106,000 USD).

The firm launched just one album in the course of the second quarter from its boy band iKON. However, Blackpink is making a comeback in September for the primary time in two years with the full-length album “Born Pink.”

BLACKPINK “Pink Venom” M/V TEASER | BLACKPINK/Youtube

 

Source: JYP Park Jin-young, 2.1 billion won in compensation in the first half… SM Lee Sung-soo, Tak Young-joon 1.8 billion and K-pop companies’ earnings are ‘Up&Down’ in second quarter



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