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Games & Commerce

Hybe Q1 revenue 6,983 billion won, up 40 percent year on year

Hybe said on Tuesday its first-quarter consolidated revenue rose 40 percent from a year earlier to 698.3 billion won. Direct participation revenue increased 25 percent to 403.7 billion won, led by album and music sales that nearly doubled. Indirect participation revenue climbed 66 percent to 294.7 billion won, with merchandise, licensing and fan club sales rising. Adjusted operating profit was 58.5 billion won, while operating profit on an unadjusted basis posted a loss.

Industry

Global ESG focus shifts to governance, South Korean companies face urgent response

The focus of global ESG is shifting rapidly toward corporate governance, as shareholder proposals in the United States increasingly target board structure and capital policy. In South Korea, a series of Commercial Act revisions and mandatory treasury share cancellations are strengthening governance rules and raising pressure on major groups. Some companies are moving early to cancel shares, while others are adding exception clauses or reshaping board structures, prompting warnings of longer-term governance risk premiums.

Industry

hy combines equity, production and IP into one in new overseas business model

hy, formerly Korea Yakult, is expanding globally through a joint business model that combines equity investment, production and intellectual property. Through its U.S. joint venture HYH America with HYBE and Paldo, it has launched a new food and beverage brand, ARIH, developed from the planning stage with BTS. The brand begins sales at Walmart in the United States from April 24, with a South Korea launch planned for late next month.