Net income Source Music 2020-2023

Published by Statista Research Department, Apr 10, 2024
In 2023, South Korean music label Source Music posted a net profit of around 12.2 billion South Korean won. This represents the first net profit since 2020. Their only signed artist for the past few years, K-pop girl group GFRIEND disbanded in May of 2021, leaving the label without a direct income stream for the rest of the year. Having been acquired by HYBE Corporation in 2019, the label debuted a new girl group, LE SSERAFIM, in May of 2022.

Net income of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won)

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Release date

March 2024

Region

South Korea

Survey time period

2020 to 2023

Supplementary notes

Figures have been rounded.

1,000 South Korean won equals 0.74 U.S. dollars or 0.69 euro as of April 2024.

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