Inside the Cost of Producing K-Pop Idols: Spending Billions and Facing Backlash
Kim Jaejoong, from JYJ, currently producing the girl group ‘SAY MY NAME’ and preparing to debut a boy group, shared on the Netflix show ‘Try？ Choo-ry！’ that it costs a lot to manage two groups. He mentioned an approximate annual investment of 200 billion KRW. When asked about the profitability of idols in today’s tough market, Jaejoong explained the financial challenges and the limited window for earning money in a typical 7-year contract.
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