FNC Entertainment's revenue in first half of year rises 30%

FNC Entertainment’s revenue for the first half of the year rose roughly 30 percent from a year earlier to 49.3 billion won ($35.6 million), largely driven by its boy bands, the K-pop agency said on Tuesday.

P1Harmony has made numerous media appearances at home and abroad since releasing “Unique,” its ninth EP, in March, which was followed by a Japanese spinoff album in late July. Pop-rock bands FT Island and CNBlue are currently both on international tours.

A string of stock purchases by the agency’s top executives reflects confidence that the growth will continue, FNC said. 

A person with a special relationship to Han Bo-hyeon, FNC’s largest shareholder, reportedly bought 22,200 common shares on the open market in August. The purchase follows a similar move last month by FNC CEO Kim Yoo-sik and President Han Seung-hoon, who together bought 50,565 shares. 

“As the company moves into a stronger growth phase, we’re confident that our earnings and value will keep rising,” Kim said. “That’s why our top executives, and now a person with a special relationship to our largest shareholder, have been buying company stock.

“We will focus on improving our performance in the second half of the year, supported by active promotions from our major artists, and do our utmost to turn an operating profit in 2026 and achieve the highest operating profit in the company’s history in 2027.”

BY LEE JIAN [[email protected]]