In 2023, South Korean music label Source Music posted a sales revenue of around 61.1 billion South Korean won. This represents a major increase from the previous year. 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 new girl group, LE SSERAFIM, in May of 2022.
Sales revenue of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won)
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DART. (March 22, 2024). Sales revenue of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won) [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1083102/source-music-sales-revenue/
DART. "Sales revenue of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won)." Chart. March 22, 2024. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1083102/source-music-sales-revenue/
DART. (2024). Sales revenue of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won). Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1083102/source-music-sales-revenue/
DART. "Sales Revenue 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/1083102/source-music-sales-revenue/
DART, Sales revenue of music label Source Music Co., Ltd. from 2020 to 2023 (in billion South Korean won) Statista, https://www.statista.com/statistics/1083102/source-music-sales-revenue/ (last visited May 21, 2024)
Sales revenue 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/1083102/source-music-sales-revenue/