Table of Contents
Can I start my own Kpop company?
You have to be based in Korea and know fluent Korean. You need to be smart and experienced in business, economics and the Korean Entertainment industry. You have to have really good connections and LOTS of money.
Is Kpop a business?
The genre known as K-pop outside of Korea can actually more accurately be characterized as a specific entertainment business model, with a strong export-oriented focus, for a genre of music that Koreans know within the country as “idol music.”
How do Kpop entertainment companies make money?
Kpop Tours and Merchandise Sales These tours generate money through tickets but the main goal is to sell merchandise. This is why you will see so many signing events. The Kpop entertainment companies want Kpop fans to buy the merchandise so they can get it signed by their favorite Kpop star.
How do I start a business in South Korea?
Start Biz Online allows its users to process the entire incorporation process online, including:
- Checking the availability of trade name.
- Obtain a certificate of name availability.
- Filing the application package for incorporation.
- Obtaining a corporate registration tax bill.
- Register the company.
How does K-pop industry work?
The K-pop industry runs by synergies of the music production houses, event management companies, music distributors, merchandise and other service providers. The Big Threes of K-pop are the S M Entertainment, Y G Entertainment, and the JYP Entertainment.
Is BTS a business?
BTS Group AB (BTS) is a global strategy implementation consulting firm founded in 1986. Headquartered in Stockholm, Sweden, the firm has over 600 employees across 34 global offices. The company’s client base is spread across 53 countries and includes 60 of the U.S. Fortune 100 and over 30 of the Global Fortune 100.
Do kpop idols get paid monthly?
Nope not until the idols basically pay off the money that their companies spent on them as trainees and as idols.
How much does it cost to register a company in Korea?
South Korea company incorporation costs in Year 1 amount to US$3,500 and annual company costs in Year 2 and thereafter amount to US$1,000. The average total fees per South Korea engagement amounts to US$11,953, including company incorporation, and corporate bank account.
How do you write a business plan for a startup?
Include your mission statement, your product or service, and basic information about your company’s leadership team, employees, and location. You should also include financial information and high-level growth plans if you plan to ask for financing.
How do you write a company overview for a business plan?
It’s OK if your first draft of your company overview is long. Simply go through and edit it to be shorter, removing unnecessary details and words each time you read through it. Clear, concise descriptions are more likely to be read and to keep the reader reading to other sections of your business plan.
What are the best lean startup templates?
There are many versions of lean startup templates, but one of the oldest and most well known is the Business Model Canvas, developed by Alex Osterwalder. You can search the web to find free templates of the Business Model Canvas, or other versions, to build your business plan.
What financial records should I include in my business plan?
Financial records are used to show past, current and projected finances. In this section we will cover the major documents you will want to include in your business plan. They will consist of both pro forma (projected) and actual financial statements. Your work will be easier if these are done in the order presented.