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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DART. (March 22, 2024). Net income of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won) [Graph]. In Statista. Retrieved May 02, 2024, from https://www.statista.com/statistics/1386757/source-music-net-income/
DART. "Net income of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won)." Chart. March 22, 2024. Statista. Accessed May 02, 2024. https://www.statista.com/statistics/1386757/source-music-net-income/
DART. (2024). Net income of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won). Statista. Statista Inc.. Accessed: May 02, 2024. https://www.statista.com/statistics/1386757/source-music-net-income/
DART. "Net Income of Music Label Source Music Co., Ltd. from 2020 to 2023 (in Billion South Korean Won)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/1386757/source-music-net-income/
DART, Net income of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won) Statista, https://www.statista.com/statistics/1386757/source-music-net-income/ (last visited May 02, 2024)
Net income of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won) [Graph], DART, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/1386757/source-music-net-income/