On the 4th, The National Assembly of the Republic of Korea Tourism, Broadcasting & Communications reported Psy's profits from his domestic online sales.

In Korea, Psy has only made 36,000,000 KRW (approximately $32,000 USD) from the online sales of "Gangnam Style" in Korea. However, fans shouldn't worry too much as his other sales outside of domestic online sales combined are estimated to have reached 100 billion KRW (approximately $90 million USD).

According to music charts, he exceeded 2,860,000 downloads and the song was streamed 27,320,000 times in Korea. The reason he made so little was because of his low royalties. He earns 10.7 KRW (approximately $0.01 USD) per download and 0.2 KRW (less than a penny, around 20% of 1 cent) per stream. Not only that, but he also has to split the profits of "Gangnam Style" with composer Yoo Gun Hyung, so his take from domestic online sales is actually less than $32,000 USD.

This is partly because songs in Korea are so much cheaper than other songs to download. At the cheapest, American songs are 791 KRW (approximately $0.71 USD), Canadian songs are 804 KRW (approximately $0.72 USD), and British songs are 1064 KRW (approximately $0.96 USD), but Korean songs on average are at 63 KRW (approximately $0.06 USD).

Source & Image: Seoul News via Nate