SM Entertainment net profit worldwide 2014-2019

In 2019, the South Korean company SM Entertainment saw a net loss of around 16 billion South Korean won, showing a steep decrease after having a net profit of 23.4 billion South Korean won in the previous year. Based on music production and management of own K-pop artists, the company's business areas expanded to video content production, travel, and advertising.

SM Entertainment

SM Entertainment is one of the largest South Korean entertainment companies. Founded by Lee Soo-man, the label is known to be one of the key players behind the global K-pop phenomenon. SM Entertainment’s boyband H.O.T. are considered to be the first K-pop idol group. Their ground-breaking success resulted in the formation of a so-called K-pop idol culture. Idols are usually young individuals, who are known for being good-looking, fashionable, highly trained in singing and dancing, as well as having an almost perfect image. They often make their debut in boy- or girl groups, who perform their songs with intense choreographies. Today, the label manages some of the biggest bands in the industry, such as Girls’ Generation, EXO, as well as Super Junior.

The musical side of Hallyu

SM Entertainment’s Singer BoA and boyband TVXQ became the first K-pop idols to successfully break into the Japanese market, starting off the musical side of Hallyu, the Korean wave in 2003. The market continued to grow: In 2016, around 850 K-pop concerts were held in Japan, an average of around 2.3 K-pop concerts per day. While the majority in Western countries have not heard about K-pop before PSY’s “Gangnam Style” in 2012, K-pop’s global popularity is undeniable today. Currently, the seven-member boyband BTS is the biggest active K-pop band, with both nationwide and global success. In December 2018, it was estimated that the band generates around four trillion South Korean won as economic value to the country per year.

Net profit of SM Entertainment worldwide from 2014 to 2019

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Sources

Release date

March 2020

Region

Worldwide, South Korea

Survey time period

2014 to 2019

Special properties

consolidated

Supplementary notes

Note: 1,000 South Korean won equal 0.81 U.S. dollars and 0.74 euros (as of April 2020).
Figures have been rounded.

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Statistics on "K-pop and big 4 entertainment agencies in South Korea"

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