South Korean entertainment biz sales jump in first half
South Korean entertainment biz
Seoul - Yonhap
South Korea's top three entertainment agencies saw their sales jump in the first half of the year, data showed Tuesday, on the back of their efforts to expand the K-pop boom in overseas markets and reach into industries other than music and film.
Leading management agency and record label S.M. Entertainment Co. posted sales of 129.1 billion won (US$127.3 million) on a consolidated basis during the January-June period, up 20.7 percent from the 106.9 billion won tallied in 2013, according to the data compiled by market researcher FnGuide.
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