http://www.gaonchart.co.kr/main/sect...on?nationGbn=T
#1 2PM Hands Up ---640,168 mp3 sold (in just 4 days)----160,000 mp3 sold a day
#6 2NE1 "I'm the best" 414,580 mp3 sold (in just 2 days) ---207,000 mp3 sold a day
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Their MP3 market: cheap MP3, high volume sold. It's something like this:
For $5-6 a month subscription, you can download 40 MP3.
For $9-10 a month subscription, you can download 150 MP3.
As a result, there are around 4-6 million subscribers today in South Korea who pay a monthly fee to download music. And that number is growing.
Assume 5 million subscribers x $8 average a month x 12 months = $480 million. Not bad for a country with 1/7 the population of the United States.
Maybe South Korea will serve as a model for the rest of the music industry.
Their music revenue have been increasing over the last several years while in most markets, revenue have been declining.
