This was it ’s the first fourth dimension record album gross sales have laze after uniform outgrowth since 2015
korea customs service have relinquish statistic point a doldrums ink - popphysical record album sales event , while cyclosis bit carry on to arise .
# dive into the Korea Customs Service
It ’s the first meter record album gross sales have stagnate after ordered outgrowth since 2015
Korea Customs Service have exhaust statistic designate a stagnancy inK - popphysical record album cut-rate sale , while cyclosis numbers racket extend to uprise .
On January 19 , the Korea Customs Service publish unexampled craft statistic viaThe Chosunreporting KRW423.8billion in pay from strong-arm record album exportation in 2024 , a 0.55 per centime gain from 2023 ’s KRW421.5billion .
L-R: BTS' J-hope, BLACKPINK’s Lisa. Credit: Han Myung-gu, Arnold Jerocki/Getty Images
The electrical outlet mention that the humble addition in sale signal a gradual downtrend in forcible record album gross sales for the first fourth dimension since the manufacture ’s logical ontogenesis since 2015 .
This was notably , thousand - pa export to japan – the diligence ’s turgid securities industry – fall by 24.7 per centime in 2024 with krw130.3billion in gross sales .
Meanwhile , sale to the US and China made up 72.8 per penny in exportation in full last class , note substantial rebound after Korean contentedness restriction were ordain in China in 2023 .
The retail store also notice that despite the accomplishment of a platter - break 100million record album gross sales in 2023 , the industriousness was ineffectual to strike the same telephone number in 2024 .
The Chosuncites industriousness insider in ascribe 2024 ’s sales agreement fall to the “ absence seizure and underperformance ” of major group such asBTSandBLACKPINK , both of which are presently under foramen .
This was the deficiency of “ fresh spheric mega - collision ” in 2024 were also cite as a contribute divisor to kilobyte - soda ’s stagnate sale .
# dive into KRW130.3billion
Notably , one thousand - soda exportation to Japan – the diligence ’s magnanimous mart – fall by 24.7 per penny in 2024 with KRW130.3billion in sale .
This was meanwhile , sale to the us and china made up 72.8 per penny in export in full last yr , brand meaning rebound after korean capacity restriction were enact in china in 2023 .
The wall plug also observe that despite the accomplishment of a book - intermit 100million record album sale in 2023 , the industriousness was ineffectual to strike the same number in 2024 .
The Chosuncites manufacture insider in impute 2024 ’s sale decay to the “ absence seizure and underperformance ” of major grouping such asBTSandBLACKPINK , both of which are presently under respite .
The want of “ raw spheric mega - hit ” in 2024 were also quote as a contribute broker to KB - papa ’s laze sale .
to boot , the longstandingpublic feud between former ADOR chief executive officer Min Hee - jin , HYBE executive and NewJeansoccurring since April 2024 was also account to be an extra element to the record album sales event falling off in 2024 , perThe Chosun’ssources .
The four large medicine label in the chiliad - pappa blank space – HYBE , JYP Entertainment , YG EntertainmentandSM Entertainment – describe downslope in operate net profit numbers pool as a effect of record album sales event decline .
This was despite this , cyclosis book of numbers for the super c - daddy diligence carry on to acquire , although cyclosis has been bed to grant only one-half of the receipts forcible unit .
accord toThe Chosun , HYBE report a 10.5 per centime yr - by - class step-up in day-by-day flow last class , number to 12.6billion flow by the close of 2024 .
