The Korean entertainment industry has been on the rise for the past decade, gaining immense popularity worldwide. From K-pop to K-dramas, Korean entertainment has captured the hearts of millions of fans globally. The industry has been dominated by a few major players, and in this article, we will explore which is the biggest entertainment company in Korea.
Body:
The Korean entertainment industry is dominated by three major companies, known as the “Big Three.” These companies are SM Entertainment, YG Entertainment, and JYP Entertainment. Each of these companies has its unique style and has produced some of the biggest names in Korean entertainment.
SM Entertainment:
SM Entertainment was founded in 1995 by Lee Soo-man and is the oldest of the Big Three. The company is known for producing some of the biggest K-pop groups, including Super Junior, Girls’ Generation, and EXO. SM Entertainment has also produced some of the most successful solo artists, such as BoA and Kangta.
The company has also expanded into the acting industry, managing some of the biggest names in Korean dramas, including Kim Soo-hyun and Lee Min-ho. SM Entertainment has also ventured into the Chinese market, producing some of the most successful Chinese-Korean collaborations.
YG Entertainment:
YG Entertainment was founded in 1996 by Yang Hyun-suk, a former member of the legendary K-pop group Seo Taiji and Boys. The company is known for producing some of the most influential K-pop groups, including BIGBANG and 2NE1.
YG Entertainment has also produced some of the most successful solo artists, including Psy and Lee Hi. The company has also ventured into the acting industry, managing some of the biggest names in Korean dramas, including Lee Jong-suk and Cha Seung-won.
JYP Entertainment:
JYP Entertainment was founded in 1997 by Park Jin-young, a former member of the K-pop group g.o.d. The company is known for producing some of the most successful K-pop groups, including TWICE and GOT7.
JYP Entertainment has also produced some of the most successful solo artists, including Rain and Sunmi. The company has also ventured into the acting industry, managing some of the biggest names in Korean dramas, including Suzy and Park Jin-young himself.
So, which is the biggest entertainment company in Korea?
Based on revenue and market share, SM Entertainment is currently the biggest entertainment company in Korea. In 2020, the company reported a revenue of 658.6 billion Korean won (approximately $590 million USD). SM Entertainment has also been the most successful in expanding into the Chinese market, with some of its artists becoming household names in China.
However, YG Entertainment and JYP Entertainment are not far behind. YG Entertainment reported a revenue of 369.7 billion Korean won (approximately $330 million USD) in 2020, while JYP Entertainment reported a revenue of 276.2 billion Korean won (approximately $247 million USD).
Conclusion:
The Korean entertainment industry has been dominated by the Big Three for the past decade, with each company producing some of the biggest names in Korean entertainment. While SM Entertainment is currently the biggest entertainment company in Korea, YG Entertainment and JYP Entertainment are not far behind. As the industry continues to grow, it will be interesting to see which company will come out on top in the future.
