[Click eStock] "YG PLUS, Expected to Benefit from Untact Concert"

[Asia Economy Reporter Hyungsoo Park] Research Alom introduced on the 13th that YG PLUS will be in charge of the distribution business of albums and music sources of artists belonging to its parent company YG Entertainment starting this year.

Researcher Jaeyoung Lee of Research Alom said, "YG Entertainment's album and music sales revenue is 45 billion to 70 billion KRW annually," and added, "This year, excess profits are also possible depending on the activities of major artists such as BLACKPINK and Big Bang."

He continued, "The Korea-China untact (non-face-to-face) concert, which is known to be held in mid-next month, is also part of the economic stimulus measures to promote cultural consumption," and emphasized, "Considering the improvement of diplomatic relations with China due to the COVID-19 pandemic, the untact event can be a signal for the revival of the Hallyu wave."

He said, "Although holding concerts will be limited for the time being, album and music sales and streaming revenue can be generated," and predicted, "The sale of the subsidiary YG Food, which recorded operating losses, and the cosmetics business will also help improve profitability."

This content was produced with the assistance of AI translation services.