|
Singer Im Young-woong received 23.3 billion won from his agency last year.
According to the audit report submitted by the agency on the 22nd, the total income Im Young-woong received from Fish Music, his agency, is estimated at 23.3 billion won. This includes the settlement amount (service fee) of approximately 19.2 billion won, unpaid settlement amount of 3.1 billion won, and Im Young-woong’s share of dividends of 1 billion won.
Considering that Im Young-woong received around 14.3 billion won in settlement and dividends combined in 2022, he earned around 9 billion won (59%) more.
Fish Music, founded in January 2015, is a one-man planning agency run by Shin Jung-hoon, whom Im Young-woong has known since his unknown days.
Last year, Fish Music’s revenue was 360.56 billion won, with operating profit of 113.59 billion won. Revenue breakdown includes 248.14 billion won from music, albums, and performances, 50.17 billion won from media content, 15.89 billion won from advertising, 1.19 billion won from rental fees, and 45.16 billion won from other sources.
Fish Music’s enterprise value also increased significantly. The net assets reflecting only the assets amounted to 23.6 billion won, an increase of around 38% compared to the previous year (17.1 billion won).
Meanwhile, Im Young-woong debuted in the music industry in August 2016 with the digital single ‘I Hate You’. During his rookie years, he was so unknown that he attended the ‘Mother’s Classroom’ for free to promote his song ‘Elevator, Not Stairs’. However, a year later in 2020, he won the final of TV Chosun’s ‘Mr. Trot’, leading to a life-turning event.
Since then, Im Young-woong has established himself as a national singer by giving back to the love he received, donating 200 million won on his birthday each year, and practicing good influence.
Reporter Kim So-hee yaqqol@sportschosun.com