STAYC received approximately 200 million KRW (150,000 USD) per member in settlement money this year.
According to data obtained by Sports Seoul on April 3, High Up Entertainment's operating revenue in 2023 was 14.3 billion KRW (~10.6 million USD). This figure increased by approximately 4 billion KRW (~2.98 million USD) compared to 2022's revenue of 10.2 billion KRW (~7.6 million USD).
Excluding miscellaneous expenses, STAYC received a total of 1.2 billion KRW (900,000 USD) in settlement for their activities from January to December last year. When divided among the six members, this amounts to around 200 million KRW (~150,000 USD) per member. Last year, each member received 98.25 million KRW (73,114.69 USD) as their total activity settlement.
The reason for the increase in STAYC's settlement compared to 2022 is due to their increased activities. Following "Stereotype," STAYC's "ASAP" single surpassed 100 million streams on Spotify. Moreover, "Teddy Bear" received much love for its addictive melody and easy choreography, dubbed the "Bear Dance," topping various music charts and music broadcasts.
Anticipation is building around STAYC's earnings prospects for the coming year, with projections suggesting a significant uptick in their compensation, thanks in large part to their concert tour. Following a series of successful shows across Korea and North America in 2023, STAYC has kicked off 2024 with the Asian leg of their World Tour, making stops in key cities like Taipei, Hong Kong, and Singapore. This expansion into new markets not only broadens their global footprint but also sets the stage for a noteworthy increase in their earnings.
After the Asian leg, they successfully completed their first European tour stops, starting from London and moving on to Paris, Berlin, and Warsaw. Moreover, after completing a six-month debut world tour, STAYC announced that they immediately began preparations for a new album release.
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Posted by Wednesday, April 3, 2024
STAYC receives their second payment of 200 million KRW ($150,000) per member
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Good for you, girls. Nice that your pay doubled and that you've received it.