I have had a lot of things to say about KPop company owners.
Of course they will want profit, but often their bizarre method to eke out profit leads to lots of criticism.
For here I won't talk about the major owners. I will talk about smaller owners.
Several companies, like RBW, invested to buy out other companies in order to make their company public and get investment money.
Other owners beef up their companies to be bought out by such purveyors.
In both cases idols see very few benefits out of these, and they gain unwanted company mates whose schedules might interfere with their own promotion schedules.
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There was a very famous woman-owned company in KPop, named Edam Entertainment. A Lee Jieun owned 60% of it from 2020 to 2022, and its artist IU won two Grand Prizes from Golden Disk and 2 Grand Prizes from Melon.
Lee Jieun, as the majority owner, collected all of its income.
Did the owner of Edam Entertainment, Lee Jieun, invest anything for KPop or other acts?
No.
Lee JJieun, as the owner and chief singer of Edam Entertainment, collected all the income for herself, not investing anything for music but spending all of her money to buy expensive real estate, etc.
Since 40% of her company was owned by Kakao Entertainment , Lee JIeun could not take her company public. So she spent all of her money on herself, not growing her company. She did not try to raise any new acts or acquire newer faces
Lee Jieun only had IU to worry about, and she is not someone who cares about the opinion of critics. So, despite of the income she made as the company owner, she did not invest her money back to the company to make it grow, but spent all of them for herself.
Her example showed the extended distance company owners are willing to go in order to pocket the last penny to themselves . Although Edam Entertainment made a lot of money, virtually all of it was spent to enable its owner to buy expensive real estate , and not invested back to KPop , although it could be forgiven since her singer was not a KPopper.
