What do you think about the end of owner-dominated era of KPop? 3
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Whyknock wrote this piece to put IU in the same level with Lee Sooman (3) 100%
As late as 2020 , there were 4 owners in the top 5 power people ranking.
- BTS (68 points)
- Producer Lee Soo Man, SM Entertainment (58 points)
- Bang Shi Hyuk, the chair of Big Hit Entertainment (47 points)
- Producer Park Jin Young, JYP Entertainment (23 points)
- Lee Jieun, the owner of Edam Entertainment (18 points)
Only BTS is a singer, although the other four used to be singers in the past.
The stars of the 4 owners ranked here have changed a lot.
Lee Sooman and Lee Jieun lost control of the companies they used to own. it is interesting that they both lost the control of their companies to Kakao Entertainment, which acquired Lee Jieun's company in 2022 and Lee Sooman's SM in 2023.
Yang Hyunsuk, owner of YG and not in the list above since at that time he was 'officially' not involved with the management of YG (although everyone knew he was the one calling the shots), now only has BlackPink and although he still holds a lot of real estate his sway in the entertainment world has declined.
JYP seems to be distancing himself away from the day to day management of JYPE, letting the exec run the company while he immerses himself in religious activities.
So, the current power ranking would be, Hitman Bang, Min Heejin, the Kakao Entertainment exec running that division, and the other two I would have trouble naming. Maybe one BTS member, and BlackPink who stands in for Mr. Yang.
Only one of them, Mr. Bang, would be an owner.
The spectacular fall of Lee Sooman and Lee Jieun and the decline of JYP and Yang would mark the end of the owner-dominated era of KPop and the transformation of KPop into corporate products. The era of owner-dominated KPp is ending.