Stars Who Are Rich Thanks To Music Royalties: Jeon So-yeon, Young K & Kim Min-seok

On February 1st, (G)I-DLE’s Soyeon became a full member of the Korean Music Copyright Association (KOMCA). The female idol has participated in composing many hit songs for her group, including “Tomboy” , “Queencard” , Nxde” , etc.

Back in 2022, Soyeon appeared on Park Myung-soo’s radio program and talked about her royalties. On the broadcast, Park Myung-soo complemented (G)I-DLE’s “Tomboy” and asked, “How did you study composing?” . Soyeon replied, “As a rapper, I started writing lyrics when I was young, then I also learned composing.” When asked if she earned a lot after “Tomboy” became a hit, Soyeon said, “It will be a lie if I say I don’t make much money from it.”

Soyeon

When Soyeon appeared on JTBC’s program “Knowing Bros” , the cast asked, “What do you get if you give all your parts in the song to the members?” . In response, Soyeon confidently shared, “I receive royalties” .

DAY6’s Young K guested on “Radio Star” and hinted at the big royalties he received, saying “There are 175 songs registered under my name on KOMCA” , adding “As of January 2024, I was in 4th place among idols with the most registered songs” .

young k

The male singer mentioned it once again when appearing on the YouTube content hosted by GOT7’s BamBam. However, Young K added, “I cannot use my royalties as I want” , adding “When I debuted, my father asked me, ‘Do you want to manage the money yourself or I’ll manage it and give you allowances?” . I chose the allowance and I’ve been receiving it until now” .

MeloMance’s Kim Min-seok also boasted about his royalties. When Kim Min-seok appeared on MBC’s “Omniscient Interfering View” in February 2023, Jeon Hyun-moo praised the digital performance of Kim Min-seok’s songs. The cast also mentioned “Business Proposal” OST “Love, Maybe” surpassing 100 million streams and wondered how much he received in copyright fees.

MeloMance Kim Min-seok

Kim Min-seok then surprised everyone when he responded, “I don’t know the exact number because my parents are managing my money” , adding “They gave me an allowance of 5 million won every month. But even when the songs don’t do well, I still receive three times the monthly allowance” .

Kim Min-seok has written and composed many hit songs for MeloMance, such as “Gift” , “Love, Maybe” , “Invitation” , etc.

Source: Naver

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