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Singer Lim Younger-woong, who was an attendant on the 2023 Ok-League 1 skilled soccer match between Daegu FC and FC Seoul held on the Seoul World Cup Stadium, greets followers. random information
It was revealed that singer Trot Lim Younger-woong acquired an revenue value 20 billion earned by his company final 12 months.
In line with the Monetary Supervisory Service’s digital disclosure system on the twenty third, Lim Younger-woong’s company, Fish Music, submitted an audit report the day earlier than.
Established in 2015, Fish Music is Lim Younger-woong’s one-man company with a complete of 5 staff. Shin Jeong-hoon, the CEO of Fish Music, is legendary for being with Lim Younger-woong even earlier than he grew to become recognized to the general public by way of Chosun’s TV present ‘Mr. Lim Younger-woong has a 50% stake in Fish Music, and CEO Shin and two others personal 50%.
In line with the audit report, the overall revenue Lim Younger-woong acquired from Fish Music final 12 months, together with settlement cash, is estimated to be about 23.3 billion received. That is the quantity of roughly 19.2 billion received in settlement (service charge), 3.1 billion received in settlement that has not but been paid to Younger-woong Lim, and 1 billion received in dividends for Lim Younger- woong.
In 2022, Lim Younger-woong acquired about 14.3 billion received, together with settlement cash and dividends (estimated at 750 million received). This is a rise of roughly 8.7 billion earned in only one 12 months.
Fish Music’s gross sales final 12 months have been round 36.1 billion received, much like the 35.7 billion received the earlier 12 months. The gross sales composition contains KRW 24.814 billion in revenue from music, albums, and performances, KRW 5.017 billion in media content material revenue, KRW 1.589 billion in promoting revenue, KRW 119 million in rental revenue, and KRW 4.516 billion in different revenue.
Revenue from music, albums, and performances decreased by roughly 9% in comparison with the earlier 12 months, which seems to be attributable to a lower within the variety of live shows. Lim Younger-woong held 10 live shows in 2022, whereas he held 7 live shows final 12 months. Two albums have been launched, together with ‘Grains of Sand’ and ‘Do or Die’ final 12 months. Final 12 months, they launched two albums, ‘IM HERO’ and ‘Polaroid’.
Throughout the identical interval, media content material revenue elevated from 850 million the earlier 12 months to five billion received. This seems to be attributable to the truth that the variety of subscribers to Lim Younger-woong’s official YouTube channel surpassed 1.5 million in Could final 12 months. The separate Shorts channel has 310,000 subscribers.
As well as, it earned 11.4 billion earned in working revenue excluding service charges equal to artist settlement charges, artist exercise charges, and album manufacturing prices.
Lim Younger-woong shortly rose to fame by profitable ‘Mr. After the contract with TV Chosun expires in 2021, there have been rumors of a switch value tens of billions of earned cash, however they joined CEO Shin.
Reporter Yerim Yoon
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