With artists together with Blackpink and EXO persevering with to make business waves on the worldwide stage, Ok-pop album exports reportedly cracked a document $132.93 million throughout 2023’s opening half.
This newest Ok-pop gross sales information level only in the near past got here to mild in studies from regional retailers together with the Korea Instances in addition to the Korea Customs Service database. The aforementioned $132.93 million marks a 17.1 % enchancment from Q1 and Q2 of 2022, per the Instances.
By nation, Japan (dwelling to the world’s second-largest music market) is alleged to have topped the album-import checklist with its $48.52 million price of consumed Ok-pop releases all through H1. The U.S. ranked second by importing $25.51 million, in keeping with the figures, supplanting China ($22.64 million) from the number-two spot that it had claimed for all of 2022.
In the meantime, nations together with however not restricted to Germany, the U.Ok., and Hong Kong are mentioned to have adopted with comparatively sizable shares of the remaining $36.26 million or so in Ok-pop album exports.
In fact, the all-time-high half-year export sum has entered the media highlight on the heels of double-digit trade progress inside South Korea throughout 2022. Moreover, 2023’s preliminary seven months have delivered a lot of noteworthy consumption stats and partnerships within the quick-evolving Ok-pop house.
To make sure, it was solely final month that woman group (G)I-DLE topped the NetEase Cloud Music charts by promoting 300,000 copies of a mini-album to followers in China – which now boasts the fifth-biggest music trade on the earth, per the Worldwide Federation of the Phonographic Business.
Additionally in June, boy band Stray Children broke data by securing north of 5 million album presales (and two million day-one models moved) for 5-Star – one among many deliberate releases below a tie-up, additionally inked in June, between Common Music/Republic and JYP Leisure.
Moreover, SM-partnered Kakao Leisure earlier in 2023 partnered with Sony Music’s Columbia Information, and BTS company Hybe (which is reportedly prepping a near $400 million world acquisition) in Could finalized a brand new distribution take care of Tencent Music.
Most just lately, after NewJeans reached one billion Spotify streams in much less time than another Ok-pop act up to now, the solo debut single of BTS’ Jungkook racked up an astonishing 15 million first-day streams on Spotify.
On the time of this writing, the days-old Latto collaboration in query, “Seven,” had generated a staggering 68.28 million on-platform performs regardless of showing to symbolize a major lyrical departure from BTS tasks. For sure, the latter are commercially profitable in their very own proper.