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so ,is sk now the biggest music industry/market,even us artists dont sell 1million or half a million easily as kpop groups..am I wrong..


CrazyX

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2 hours ago, abra said:

Kpop album sales are not a good indication of the South Korean music market as a large proportion is bought outside of South Korea. There are several bigger music markets including the US, Japan and China.

The South Korea music industry might be among the biggest in the world by now but I doubt it's close to the US music industry and it might also be smaller than the Chinese and Japanese industries.

 

This. Alot of Kpop groups' album sales seem to be majorly contributed by and depended on international fans. 

Meanwhile, if you take a look at Japan, the group Snowman, the best-selling and most popular group in Japan atm for example, able to sell 800k per day (along with another group called Sixtones), sold 1M+ copies at least per release since 2020 but 99% of their sales are reportedly domestic because unlike Kpop groups, they're not widely known or as popular outside Japan (I'm sure majority of people in this forum don't care about them and never listened to their music), so the strong support and sales mostly came from inside the country therefore I believe Japan still holds the position of being bigger and higher ranking music industry than Korea. Plus, Japan is very loyal to their homegrown music acts despite Kpop'/BTS's popularity and still is one of those countries where big percentage of its people still buy physical albums with streaming and online digital music platforms are on the rise. In 2020, for streaming category only, they're the fifth largest in the world and Japan's online music market has been gaining alot of traction and rising exponentially eversince.

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