K-pop artists definitely have agencies that become shelter and make their debut in the entertainment industry. The agency’s role in the K-pop industry is also well designed, from upstream to downstream. Therefore, it is not surprising that K-pop culture has spread throughout the world.
Launching from the otakukart.com site, here is a list of the five richest K-pop agencies based on market capitalization value in 2021.
HYBE Entertainment (formerly Big Hit Entertainment) – US$ 3.4 Billion
HYBE Entertainment was founded in 2005 and began to be known after its boy band, namely BTS, succeeded in skyrocketing with their singles which went worldwide. Followed by other bands such as Seventeen, Nu’est, Gfriend, and TXT.
JYP Entertainment – US$ 1.1 Billion
JYP was founded by JY Park in 1997, this company also began to be known for its successful idols both in the South Korean industry and internationally, such as Wonder Girls, Rain, and Miss A.
YG Entertainment – US$ 800 Million
YG Entertainment made success after their girl band, BlackPink, went global. This agency also gave birth to many world idols, such as BIGBANG, iKON, 2NE1, as well as Korean actors and actresses such as Jang Ki Yong.
SM Entertainment – US$665 Million
Even though they are no longer in the top three, SM Entertainment is still included in the list of the largest K-pop agencies in South Korea. Meanwhile, girl bands and boy bands under the auspices of SM Entertainment, including Girls Generation, Super Junior, TVQX, SHINee, EXO, and many more.
STONE Music Entertainment – US$ 200 Million
Stone Music Entertainment is a private company under the auspices of CJ ENM. Two of STONE Music Entertainment’s top artists at the moment are Fromis 9 and Iz*One.