Park Jin-young is No. 1 in royalties
The Committee on Culture, Sports, Tourism, Broadcasting and Communications announced that last year alone, Park made more than 1.37 billion won ($1.24 million) for his work as a composer.
He bumped Jo Young-soo off the top of the list, who has produced hits for the likes of Davichi, T-ara and Lee Seung-gi, and has made 1.32 billion won over the last year.
Another singer to make the list was Baek Ji-young, who made 65 million won on royalties alone in 2011.
A spokesperson from the committee said that musicians can thank the rise of K-pop for the increase in their earnings.
“The coming together of K-pop and smartphones has created a new market for musicians,” said the representative before adding that it was often the distributors and not the copyright holders who benefited from the industry.
By Carla Sunwoo
with the Korea JoongAng Daily
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