Proper training and records of work history are non-existent. Unsure of what's right or wrong. They don't think their employees are important so there is a high turnover rate. YG recently moved its headquarters to Hapjeong-dong. The office building is gigantic and they are well-known for their amazing facilities. Not only the reviews mentioned above, but all other reviews online constantly praise the food at the YG cafeteria. My friend also works at YG and frequently uploads on social media that he only attends work to eat.
In addition, YG has established itself as the best entertainment company in Korea for 20 years. There are many reviews that speak highly of their brand since most people know YG Entertainment.
Similar to HYBE, its employees have reviewed that the work-life balance does not exist. Many people also feel that the culture is oppressive and does not allow for creative freedom. Also, a lot of powerful statements were made that said, "Take care of your employees too, not just your artists.
Since they are an entertainment company that revolves around its artist's success, the efforts of the employees that support the artists often go unnoticed. The reviews reflect the frustration of the employees as they feel that they aren't treated with much importance. SM Entertainment was at the forefront of K-pop when idols were first introduced in Korea. It has since continued to rise in success and has numerous artists to this day. Revenue: Approx. Salary: Average of college graduates: 31 million won Approx.
It's predicted that HYBE will be classified as a medium-sized company in the near future. A company that has a strong mindset of "there are many others that can do the job if you can't. Sometimes if an artist releases a new album, their manager will give you a signed copy. Whatever the people at the top tell you to do, you do it. If you love the entertainment industry and K-pop content you will have fun. Your work efficiently improves naturally because there's too much work.
Working overtime doesn't exist, it's more like living at the company and working day and night. Very old-fashioned organizational culture. There needs to be a change.
I often feel overwhelmed when work is dumped on me last minute. Since there are so many artists, you can work on various content.
The scope of the work is very wide so you can find yourself working on new things that you didn't think were possible. It has a great brand name value since they've produced numerous artists over 20 years. However, because of this, the old-fashioned organizational culture still remains.
Like other entertainment companies, they lack an efficient system to get work done which is considered a major problem. Also, since there are much more artists at SM compared to other companies, there's a high amount of work to get done.
This is a problem since its employees are overloaded with work. The dissatisfaction rate seems high because the salary is low considering the amount of work. Most reviews reflect that they are only holding on because of their love for K-pop and the industry. Salary: Average of college graduates: 32 million won Approx. How is JYP evaluated by its current and former employees?
Based on a total of reviews on the website, it received a rating of 2. Surprisingly, 2. A company I would recommend if you want to work in the entertainment industry because they care about ethics. It varies from each department but usually, you're free to use your vacation. A welcoming atmosphere that values the opinions of their employees and tries to accommodate them. The atmosphere and culture vary depending on each department.
Recommended for those that are passionate about the entertainment industry. You don't get to rest on weekends or at night during busy seasons. One of the very few entertainment companies that stick to ethical principles. Will quickly increase your understanding of the entertainment industry. Among entertainment companies, they are one of the very few that think of their employees. Park Jin-young has always emphasized good character and ethics not only for the artists but also for the employees.
In the past, he appeared on a program and revealed that he once told his employees, "The moment you walk into an establishment where women are there to serve and entertain, consider yourself fired.
This was a surprise since there are many other companies that will let unethical things slide behind closed doors.
The average run for a typical K-pop group is 8 years. Before many K-pop groups only lasted a few years which meant their window to make real money was very limited.
If you go on the internet these days you will hear hundreds of former Kpop artists complaining about their past record deals. As the Kpop industry continues to explode, you will start to see more and more Kpop artists wanting out of their deals. The question of how much money do Kpop Idols make is a difficult question to answer because Kpop Entertainment companies have a history of keeping that information private.
The music industry globally changed massively in the early s. Napster and other peer-to-peer sharing platforms online allowed users from all around the world to basically get music for free. Fewer and fewer fans were buying albums. Kpop fans were getting their music from platforms like YouTube, iTunes, Spotify, and so on. This also applied to Kpop entertainment companies.
However, due to online music, music labels all around the world needed to think of new ways to make money. They needed a new business model. The business model shifted over the years from making money off album sales to touring, personal signing events, and merchandising.
The good news for Kpop entertainment companies was that the sales of Kpop albums were still profitable. Because Kpop entertainment companies started to focus the albums more as merchandise. A typical album has artistic design covers, a photocard, and exclusive pictures. Kpop Entertainment companies have fan events where Kpop fans submit a receipt of their album purchase.
More receipts mean a greater chance to get selected to meet your favorite Kpop star. This is a great source of revenue for them because they know Kpop fans will continue to buy these albums because buying them gives them a chance to meet their idol. A Slave Contract means that the Kpop label will pay for all expenses of the artists from housing, training fees, food, and other expenses. Now if you think about this, as far as training fees, housing, and whatever else a Kpop Entertainment has control over, they can pretty much charge whatever they want.
Add it to the bill. Also, there was very little transparency in how much they owned. Training can last up to two years. Then they will put you into a group where you will train together for additional years.
Then there is the actual making of the album. During this stage, there are ALOT more expenses that will go on the bill. Remember, every Kpop label is different and every contract is different so take this as a general rule. However, the vast majority of Kpop entertainment companies expect artists to recoup the expense they have incurred. This is the money the Kpop record label invested into the Kpop artist. However, it is not actually an investment but more of a loan.
This is money that has to be paid back at some point. Once their album debuts, the Kpop stars will go on tours. These tours generate money through tickets but the main goal is to sell merchandise. This is why you will see so many signing events. Well, that was from some idols and former idols who come from small companies and were not popular with the public so they had very small earnings per month.
However, for some idols who come from big companies and are popular with the public, they get a super big and fantastic amount of money per month which you cannot even dream of. For example, for BTS who is extremely popular in South Korea and internationally, the amount of money they can earn per month might be more than millions of dollars.
This fact, of course, makes many people curious about how much salary their artists get since most of them are very popular both in South Korea and internationally.
With the big amount of investment and promotion that SM Entertainment puts in their artists from their training period until debut, there must be a high return per artist. Like most Korean entertainment companies in South Korea, they have rules and agreements in the contracts with their artists where some or maybe most of the income that their artist gains will go to the company.
Well, thanks to the spread of information, the income division between SM Entertainment and their artists are known to be something like this:. From the information above, it looks kind of unfair, right? Despite the unfair benefits and salary the artist gets from SM Entertainment, still, many people want to get into SM to train and debut. This is mostly because their artists are always famous and largely promoted, leading to an increased income.
These days, as more people learn about the Korean Wave, K-pop idols are getting so much attention and love from many people and fans all around the world. This means that the popularity they have is getting bigger and bigger alongside an increase in projects and jobs.
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