J.Y. Park tops Producer list of highest income from royalties

A list of the producers who made the most money through royalties back in 2012 was revealed on October 30.

SEE ALSO: Lee Kwang Soo talks about 8-year relationship with Lee Sun Bin "We won’t break up"

Topping the list for the second year in a row was J.Y. Park, who made an estimated 1.2 billion won (~ $1.1 million USD) profit off royalties.

Also in second place for the second year in a row was composer Jo Young Soo, who had composed the majority of SG Wannabe's hit songs and had previously been in first place four years in a row from 2007 to 2010.

YG Entertainment's exclusive composer Teddy made about 900 million won (~ $850,000 USD) while SM Entertainment's Yoo Young Jin made approximately 840 million won (~ $790,000 USD).

In fifth place was G-Dragon with almost 800 million won (~ $750,000 USD) in royalty income.

According to Park Sung Min of the Korean Music Copyright Association's public relations team, "Even if it is an old song, it could steadily accumulate profit whether through overseas promotions or karaokes . . . �Usually in copyright revenue, 80% is from old songs and 20% is from new ones. �J.Y. Park makes a lot of profit because he accumulated a lot of hit songs from G.O.D to 2PM and is very active in productions."