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SM Entertainment’s Third Quarter results fall short of analyst expectations

SM Entertainment‘s third quarter results fell short of expectations. SM Entertainment reported their quarterly report to the Financial Supervisory Service at 2:12 PM KST on the 14th. According to their report, SM Entertainment’s third quarter profit was 11.7 billion KRW (approximately $10.7 million USD). This is a 70% increase compared to the same period last year, but the result was only half of analyst expectations of 20 billion 23 billion [...]

 

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SM artists become shareholders

SM Entertainment will be issuing over 22,000 shares to their artists. Each share is worth about $40 USD each and $881,000 USD worth of shares will be distributed. According to the DART Financial Supervisory Service, the shares will be given to Kangta, BoA, TVXQ, Super Junior, SNSD, SHINee and some others. Kangta, BoA, Super Junior and SNSD members will have 680 shares approximated to worth about $27,200 USD. SM revealed, “This [...]

 

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Girls’ Generation makes over 70 billion won in 3 years

Girls’ Generation is one of the main contributors to the Hallyu Wave as they have received international praise. They serve as one of Korea and Japan’s top influential girl groups who also have large incomes through revenue. From 2009 to present day, the girls’ revenue has transcended over 70 billion won (approximately 62 million USD). The Financial Supervisory Service has revealed that SNSD made 17.003 billion won in 2009, 30.004 billion [...]