Do kpop idols have to pay debt? (2024)

Do kpop idols have to pay debt?

Many K-pop groups often take years to break even, and thus do not receive their share of any profits made from their songs until their trainee debt is paid off. The unfair treatment of K-pop singers and trainees has been prominent in the Korean music industry.

Do K-pop idols actually make money?

An idol is a popular singer or performer who belongs to a group or agency in the Korean pop music industry. Idols can make money from various sources, such as concerts, album sales, endorsem*nts, advertisem*nts, social media, variety shows, and more.

What is the monthly income of a K-pop idol?

Did BTS have debt?

According to BTS Group's latest financial reports the company's total debt is $4.96 B. A company's total debt is the sum of all current and non-current debts.

Does Bighit have trainee debt?

But, my question is do bts members have trainee debt before because we all know bighit/hybe revealed they did not have any trainee debt when they go public in 2020 as there is fund allocated to their rookie development department. It probably started from txt as they stated before.

Are most K-pop idols millionaires?

It depends on the group, only the “top” groups can be considered rich examples are BTS, Twice, Exo and blackpink. Lots of groups debut every year but only 20 % of them makes it and won't disband after one or a few comebacks, and only the top 2–5% actually makes some money.

Who is the richest girl of K-pop?

IU, the esteemed artist known as Lee Ji-Eun, has secured her position as the wealthiest female K-pop idol in 2023, boasting an extraordinary net worth of $40 million.

Do K-pop idols get days off?

Trainees are usually teens (and sometimes younger). Many leave their families to live and train in Seoul, South Korea. The training lasts all day with very few days off, according to trainees and other industry experts.

Do K-pop idols buy their own clothes?

In MV's and on stage, the clothes that idols wear are usually rented or bought by the company so the idols don't have to pay. Successful idols can make a lot of money so they can afford expensive clothes. Expensive clothes could also be gifts from family, friends, fans, etc. Some of it is given to them.

Did BTS used to be poor?

Yes. Suga and V were the most poor before they became members. Suga used to sell his music on the streets instead of eating because, to him, music was more important. He would starve himself because he couldn't afford food and a bus ticket at the same time, so he would skip meals and catch the bus.

Which BTS member is a billionaire?

Presently, J Hope is the richest member of BTS, whose net worth is estimated to be around $ 24-26 million, according to reports. He has accumulated his wealth through various avenues. His involvement in BTS music production, songwriting and album sales has played a significant role in his financial success.

Who is the billionaire behind BTS?

Bang Si-hyuk (born August 9, 1972), known professionally as "Hitman" Bang (stylized as "hitman" bang), is a South Korean songwriter, producer, and record executive. He is the founder of Big Hit Music (formerly Big Hit Entertainment) and Hybe Corporation, and chairman of the latter.

How often do kpop idols see their family?

Most trainees won't see there parents for a good few months at time, some only see them once a year. It's a sacrifice they have to make in order to achieve there goal. Why do K-pop idols rarely talk about their families?

Can I become a K-pop trainee at 25?

Those between 12 and 25 years old in Korean age can participate, and there are no other restrictions on gender, educational background, or nationality.

Why do kpop idols live in dorms?

Korean entertainment officials say it's because it makes it easier to manage and protect the idols. It's hard to meet all the schedule requirements if everyone lives separately, and it takes a long time to bring all the members together. It also makes it easier to manage the privacy and safety of idols.

Who is richer Blackpink or BTS?

As of today, BlackPink's net worth is 40 million dollars. BTS's net worth is 3.6 BILLION dollars.

Are kpop idols allowed to date?

K-pop idols can date each other, but the management agencies that represent them often have strict rules and policies regarding dating. These policies vary from agency to agency, but it's common for agencies to implement dating bans or restrictions, especially during the early stages of an idol's career.

How rich is V from BTS?

As per a report from the South China Morning Post, Kim Taehyung, also known as V, boasted a net worth of approximately USD 20 million (around INR 164 crore) in 2021. Subsequently, his financial standing has experienced a significant surge, primarily attributed to lucrative luxury brand collaborations.

How much does it cost to hire a K-pop group?

The very low end will cost you about $75k just to hire the group, but your overall budget for the event will probably run double to triple the hiring cost to really cover it. On the high end, groups like Blackpink will set you back $1.5 mil just to book them.

Why is IU the richest K-pop idol?

1. Lee Ji-Eun aka IU

Lee Ji-Eun, widely known by her stage name IU, has emerged as the K-pop sensation of 2023. Boasting an impressive net worth of USD 40 million, IU is a versatile powerhouse. She not only excels as a K-pop singer but also showcases her talents in dancing, acting, beat-making, songwriting, and more.

Which K-pop idol has the most expensive house?

IU. The famous K-pop soloist & actress owns a penthouse in Cheongdam which is set to become the most expensive property in South Korea as the top floors cost US$26.5 million each.

Do K-pop idols wear bras?

Do kpop idols wear bras? Idols are humans. Ofc they do. Most of the time they tape the bras to secure their Chest.

Who is the fastest K-pop idol to be kicked out?

HYBE terminates Kim Garam, becomes fastest idol kicked from K-pop group. It's official, Kim Garam will be leaving LE SSERAFIM, one of the newest K-pop girl groups, after being embroiled in school bullying controversies.

What is the age limit to be a K-pop idol?

The age range of those who audition is between 12 and 25 years old, or 18 years. Nevertheless, you ought to begin training at 16 at the latest. To become a K-pop idol, you need to have Korean language skills.

Why do K-pop idols wear baggy clothes?

Baggy clothing pieces are the norm for the most casual Korean idols who still want to go out in style. Specifically, idols often don oversized t-shirts and pants so that they can move freely and comfortably.