Ever wondered which among YG, SM, JYP, and Big Hit pay the biggest salaries on the average for their employees? K-pop enthusiasts might also get curious as to how much their favorite idols get from their label.
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According to the 2019 report by the Financial Supervisory Service, three aspects were reviewed to know how these giant agencies pay their employees. The three aspects are operating profit, sales revenue, and the average salary. It is known that Big Hit Entertainment has skyrocketed its ranking to the peak for being the handler of BTS.
SALES REVENUE
According to the sales revenue report, SM Entertainment has the largest revenue, thus dominating the league. It earned ₩605 billion, which is roughly equivalent to $502.5 million.
Below the list is TWICE's label, JYP Entertainment, with ₩125 billion that is equivalent to $103.8 million.
"SM Entertainment- ₩605 billion ($502.5 million)
YG Entertainment- ₩284.3 billion ($236.1 million)
Big Hit Entertainment- ₩224.5 billion ($186.5 million)
JYP Entertainment- ₩125 billion ($103.8 million)"
OPERATING PROFIT
According to the report, even if SM's sales top the list, Big Hit Entertainment still has the largest operating profit. It massively profited ₩78.3 billion or estimated equivalent to $65 million.
"Big Hit Entertainment- ₩78.3 billion ($65 Million)
SM Entertainment- ₩52.5 billion ($43.6 Million)
JYP Entertainment- ₩29 billion ($24.1 Million)
YG Entertainment- ₩11.4 billion ($9.47 million)"
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AVERAGE SALARY
Now, whether they have the smallest or biggest operating profit and sales, which pays the biggest: YG, SM, JYP, or Big Hit? Read below:
"Big Hit Entertainment- ₩42.77 million ($35,530)
YG Entertainment- ₩40.51 million ($33,652)
SM Entertainment- ₩37.46 million ($31,118)
JYP Entertainment- ₩36.22 million ($30,088)"
Therefore, the Financial Supervisory Service stated that Big Hit Entertainment pays the highest.
