Quote:
Originally posted by !ola
True. It's still extremely cheap though. Those numbers make people think the music market in S.Korea is huge but in fact it's not.
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The music market in South Korea is HUGE for its size.
Cheap MP3 combats piracy. They also making it up on volume. South Korea music market was plagued by illegal downloads several years ago. To combat that, they offer cheap MP3s. The result? The music market today generate around 200% more money compare to 5-6 years ago.
The two biggest music labels in South Korea have a combined stock market value over $2 billion USD. They used to be worth around $500 million combined a few years back. Obviously, kpop expansion internationally help but a stronger domestic music market also play a big part too.
http://atrl.net/forums/showthread.php?t=295001
Top 30 Song of the Year based on Total Digital Aggregate (2012/1/1-2012/10/27)
(the year is not over yet so expect these songs to generate more revenue)
01) Psy - Gangnam Style: 384,054,774 (15/15) x $0.003 =
$1,152,000 USD
02) Busker Busker - Cherry Blossom Ending: 339,461,849 (31/31)
03) Sistar - Alone: 319,836,908 (29/29)
04) Sistar - Loving U: 297,962,441 (18/18)
05) Big Bang - Fantastic Baby: 282,391,337 (28/35)
06) 2NE1 - I Love You: 268,362,367 (17/17)
07) T-ara - Lovey Dovey: 265,253,913 (28/43)
08) Ailee - Heaven: 258,740,483 (29/38)
09) Big Bang - Blue: 256,091,615 (22/36)
10) Girls' Generation-TTS - Twinkle: 254,720,788 (24/26)
11) IU - Every End of the Day: 238,545,307 (24/25)
12) Busker Busker - If You Really Love Me: 235,302,683 (20/20)
13) Big Bang - Monster: 228,658,025 (20/21)
14) Wonder Girls - Like This: 222,558,779 (19/21)
15) Busker Busker - Yeosu Night Sea: 221,137,012 (29/31) x 0.003 =
$664,000 USD
16) T-ara - Day by Day: 219,357,743 (17/17)
17) Busker Busker - First Love: 216,197,897 (29/31)
18) Lyn - Back in Time: 216,120,492 (21/41)
19) Lee Jonghyun - My Love: 215,970,379 (16/16)
20) Seo in Guk & Eunji - All For You: 208,825,818 (9/9)
21) Baek Jiyoung - Voice: 205,523,195 (21/25)
22) f(x) - Electric Shock: 203,241,271 (18/20)
23) Lee Hyun - My Heartsore: 200,082,208 (19/19)
24) 10cm - Sorrow: 199,838,791 (22/43)
25) Juniel - Illa Illa: 199,001,961 (21/21)
26) Huh Gak - The Person Who Once Loved Me: 196,601,964 (29/30)
27) BoA - Only One: 192,041,813 (14/14)
28) Psy - Passionate Goodbye: 191,387,379 (15/15)
29) Miss A - Touch: 188,401,907 (17/36)
30) 2AM - I Wonder If You Hurt Like Me: 180,182,946 (15/33) x $0.003 =
$541,000 USD