5:30 pm - 10/13/2018

BTS makes K-Pop History by reportedly earning $88 million USD so far in 2018

BTS is logging yet another record in K-pop history with monumental earnings.

According to Korean news outlet Insight, a recent broadcast revealed that the seven-member group brought more than 100 billion won ($88 million / €76 million ) in profit so far into the year. Meanwhile, individual members are believed to have made 10 billion won ($8 million / €7 million ), the report said.

Of the massive profits, 60 billion won ($53 million / €45 million ) reportedly came after the group’s promotion of their latest album, “Love Yourself: Answer,” which was released in August.

The boys, who had lived in a small room in their early days, also moved into a new dorm that cost $8 billion won ($7 million / €6 million ), the outlet said. The dorm is reportedly located in the Hannam neighborhood (Hannam-dong) of Seoul’s Yongsan district, known for having an “international vibe” as people from all over the world visit its sophisticated attractions.

BTS’s earnings may not come as a surprise considering the group’s achievement of unprecedented popularity. In June, Do Jong Hwan, head of South Korea’s Ministry of Culture, Sports and Tourism, predicted that the group will have a $1 trillion ($880 million / €760 million ) impact on national economy.

sources: insight, nextshark

lostintheechoes 13th-Oct-2018 04:41 pm (UTC)
like the tag says, get that money and thanks for taking all my money.

gigabytexx 13th-Oct-2018 04:47 pm (UTC)
i'm trying to count how many are USD 8 mil exactly.

Also I've never had too much salary so I kinda wonder how do these boys give their parents? Do they regularly give money to their siblings too?
I just wonder because I'm the youngest child, so I tend to receive rather than giving. Like Jungkook for example, does he give his older brother regularly or it's some kind of 'pride' for his brother to not accept money out of nowhere from his younger brother?

Older siblings omona, what would you do if you're famous and have that so much money?
violoncelliste 13th-Oct-2018 05:15 pm (UTC)
definitely give to my family. probably would want to give to my friends too, but i don't know if they would accept :P
jaelissi 13th-Oct-2018 04:57 pm (UTC)
Do Jong Hwan, head of South Korea’s Ministry of Culture, Sports and Tourism, predicted that the group will have a $1 trillion ($880 million) impact on national economy.

We need to restart that conversation about military exemption. The way I see it now, it's not a matter of principle anymore, but cold hard the country needs this cash

Perfect use of gif, OP
lydzi 13th-Oct-2018 07:24 pm (UTC)
Idk. The more I think about it and the more I believe they should go to the military like everyone else. Not that I believe in this but because it will provide them a break from stardom and the all circus and somehow, I believe it will be needed. My worry is more about the fact tey will not be called at the same time. I think it would be better if they all went to the army at the same moment more or less which will be probable difficult since they are of different age.

Also, I don't like the fact that everyone is starting to take them as South Korea's golden goose. Yes they bring money etc and it's cool. But let's not push it. They are already exhausted so I don't know... it's all very intense a bit of a pause in some years might do more good than bad.
rainstormraider 13th-Oct-2018 05:34 pm (UTC)
This is all speculation until you have the hard cold numbers but I expect these guys as making bank when almost everyone attending a BTS concert is buying an army bomb if not other merch. Also their concerts may be sold out but they also seem to have very few empty seats so clearly the secondary market must be bangin’.
lydzi 13th-Oct-2018 07:33 pm (UTC)
It's good to know that money is coming into their pocket and comfort. Everyone worked hard and still is so take the cash :3

I hope they will go on much needed vacation tho after that world tour.
nekobot 13th-Oct-2018 07:40 pm (UTC)
I don't doubt they generated that much but with all these extra factors like standard distribution percentages, excessive spending by their company (I get it if it was a partnership with the building but what the hell are they thinking for example putting them in an 8 mil dorm building when they're spending half the year away from it to rent out entire luxury hotel floors), vague rights around spinoff products like the BT21 series and the fact that they're literally on a rookie contract for the unknown company Big Hit was 6 years ago I still don't believe they're getting a fair share of it - not even the speculated 8 million each which is still less than they deserve. I'm really curious to see what will happen once it's time for them to renew their contracts because the contrast between these continuous articles talking about how much money they make and the visible symptoms of them being run dry and not well taken care of by their company is only getting stronger.
garnetstar38 13th-Oct-2018 08:25 pm (UTC)
Same. I’m not a conspiracy theorist but we’ve seen how other k-industry artists have been constantly screwed over so I would not be surprised to learn they are not being given a fair share of merch or ticket sales. I’ve seen contract %’s floated around on the different contracts with all the big agencies but I don’t know if they are true.

Although I didn’t like The Times article he did make a point that they act like salaried employees and not millionaire artists. That could also be cultural so I’m not 100%.
rosevael 13th-Oct-2018 08:15 pm (UTC)
nudrive 14th-Oct-2018 11:09 am (UTC)
Yeah I thought of this too!
They really don't get given much during Bon Voyage :|
fifi_moon 13th-Oct-2018 09:59 pm (UTC)
It would't just be for record sales etc they would also get royalties when the songs are played on radio or TV shows.

e.g when Fire would play as the opening song every time Seojoon fight in Fight My Way the song writers would get a royalty for that.

Im more interested in the publishing royalties, because its one thing to get a cut of the record sales but the song writers would also be getting a publishing royalty for every album sold, it would mean that Namjoon, Yoongi and Hoseok would be making more
jaelissi 13th-Oct-2018 11:50 pm (UTC)
If I understand the way royalties work in Korea, they don't get per play royalties. Media companies pay an artists union a set amount and that gets distributed among artists according to number and type of musical pieces. The company then gets to play any song for any number of times
annayism 14th-Oct-2018 12:27 am (UTC)
well earned money!!
friedchickeneu 14th-Oct-2018 04:53 am (UTC)
get that hard earned money, boys!!!
22_taken 14th-Oct-2018 02:27 pm (UTC)
they deserve it!

they're the only boygroup i'm willing to spend my money on, their music never disappoints.
jackieee94 14th-Oct-2018 06:10 pm (UTC)
8 million seems so little to me but when you multiply it by 7 it gives you 56 million 0.0 these boys are going to continue to make bank for the next couple of years. They deserve every penny they make.
mc1a 14th-Oct-2018 07:28 pm (UTC)
I can’t believe I saw seven rich Gods yesterday
edanz_castle 14th-Oct-2018 10:09 pm (UTC)
Hopefully they getting their money. After all they are idols.
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