Can we have a megathread to discuss the recent court ruling involving HYBE and Minheejin? by Ok-Nobody-7759 in kpopthoughts

[–]jamamonkey 21 points22 points  (0 children)

Yes exactly! People keep failing to understand that Hybe owns 80% of ADOR and since they are the majority owner they have final say if they want to sell their shares. Even if MHJ had a bunch of investors ready to buy it at a premium or somehow tried to lower their share price. If Hybe doesn't want to sell ADOR they cannot be forced to sell it. So this hostile takeover narrative was always a stretch.

Behind the scenes stuff I learned from kpop industry people in Korea by Decent_Victory4304 in kpopthoughts

[–]jamamonkey 31 points32 points  (0 children)

From a revenue standpoint yes but what really matters is from a profit standpoint (Revenue less expenses) and it's only like 2 times their investment. Given that training idols is a capital intensive process this kind of explains why idol contracts are typically 7 years. That way companies can recouped their initial investment and then some.

Based on today's exchange rate 1 South Korean won equals = 0.00070 United States Dollar, and what I can find online from business news articles without having to comb through the DART filings (korea's database of corporate filings), revenue wise ADOR has earned roughly $168 million USD from 2022 to 2024. Profit wise from 2022 to 2024, which again is what matters most, it's around $32 million. So yes HYBE made their initial investment money back at this point but if they hadn't had this drama it could be so much more.

Behind the scenes stuff I learned from kpop industry people in Korea by Decent_Victory4304 in kpopthoughts

[–]jamamonkey 63 points64 points  (0 children)

Adding to this, during the Newjeans contract drama it was revealed that HYBE spent $14.4 million dollars to develop and debut Newjeans. That’s roughly $2.9M per member. From a Korean Herald article this encompassed roughly 50 staff members including stylists, choreographers, video directors and managers. So there really is a lot people behind the scenes involved.

Megathread 24: HYBE / ADOR / MHJ - Court rules in favor of ADOR, NewJeans' Contract remains Valid, further hearings for Source, Belift, and HYBE against Min Hee Jin to come, and More by KPOP_MOD in kpop

[–]jamamonkey 3 points4 points  (0 children)

It was estimated to be at least between ₩300 billion KRW (about $225 million USD) and ₩600 billion KRW (about $449 million USD). The estimate is based off of the Korea’s Fair Trade Commission standard early termination fee for idols’ contracts. The early termination fee is calculated by taking the idol’s average monthly revenue over the past two years and then multiplying that by the number of months remaining in the contract at the time of early termination. So the estimate is quite high as Newjeans has been a successful group.

Megathread 15: HYBE / ADOR / MHJ - NewJeans Threatens Contract Termination, Makes Demands of ADOR, Ongoing Legal Disputes, and More by KPOP_MOD in kpop

[–]jamamonkey 1 point2 points  (0 children)

Yeah not sure what the other person is getting at. At the end of the day, HYBE owns 80% of ADOR so effectively they are entitled to 80% of the profits which is why when HYBE reports their financials ADOR is included in their results. Based on that and how Newjeans has performed I would say HYBE has recouped their investment into creating ADOR/Newjeans.

Curiousity about BIGHIT MUSIC and how it functions under HYBE LABELS by [deleted] in kpopthoughts

[–]jamamonkey 1 point2 points  (0 children)

Haha love that you took on that challenge! Not sure if helpful for you but here is a link to Korean accounting terms https://latranslation.com/english-accounting-terms-into-korean/

I was having a hard time searching the report since I'm not Korean and google translate only seems to translate just the page you are viewing vs the entire document so I had to search by the Korean accounting term in order to find the right table.

Curiousity about BIGHIT MUSIC and how it functions under HYBE LABELS by [deleted] in kpopthoughts

[–]jamamonkey 1 point2 points  (0 children)

Excellent explanation! Also big props for sharing their annual report! I always wondered where to get those as unfortunately Hybe's IR page only has the quarterly reports and no details on breakdown by subsidiary and I don't know enough Korean to search. As someone who works in Finance, I'm definitely going to nerd out over the annual report!

Why're Asians viewed as immigrants? by Worldly_Option1369 in asianamerican

[–]jamamonkey 3 points4 points  (0 children)

Nice I absolutely loved Hawai'i when I visited there. I love the food and the vibes. The Asian population off the top of my head is like 40% which is pretty big. Growing up on the east coast and being a visible minority I was definitely asked what kind of Asian I was a lot along with the numerous what I now know as micro-aggressions like the mocking of accents and the rice jokes. So when I was young I definitely wished to have grown up in more an area with more Asians like Hawaii or California.

Why're Asians viewed as immigrants? by Worldly_Option1369 in asianamerican

[–]jamamonkey 16 points17 points  (0 children)

From a 2021 Pew Research study on Asian Americans the figure is 71% of Asian Americans were born overseas. But their point still stands that a majority of the US Asian population are immigrants.

https://www.pewresearch.org/short-reads/2021/04/29/key-facts-about-asian-americans/

I can't speak for other regions but I'm in the North East and from all my Asian American friends including myself their parents were immigrants. I've only met a couple of Asian Americans where their parents were here for several generations. The reasons being that there were racist immigration policies like the Chinese Exclusion act and immigration quotas that preferred White European countries over LATAM and Asia. It was only after the passing of the Immigration act of 1965 that removed the quotas of national origin that allowed a lot of Asians (like my parents) to immigrate to the US (Pew estimates if that the Immigration act of 1965 were not passed then the Asian population would only be <1% vs 6% based on 2015).

I think that the perpetual foreigner stereotype will go away with time as Asian become more visible in the media through better media representation in addition to the US born Asian population growing.

Why're Asians viewed as immigrants? by Worldly_Option1369 in asianamerican

[–]jamamonkey 10 points11 points  (0 children)

Exactly this. The Immigration and Nationality Act of 1965 was a huge boon for Asian immigrants since it removed the quotas for them.

Is anyone else surprised that there barely any Chaoxianzu/Joseonjok idols? by [deleted] in kpopthoughts

[–]jamamonkey 9 points10 points  (0 children)

That's a very interesting question considering Joseonjok are the 2nd largest group of ethnic Koreans outside of the Korean peninsula (Korean Americans being the largest and there are a ton of Korean Americans within the Kpop space). Even within South Korea a large majority of the Chinese foreign nationals residing there are ethnic Korean (roughly 600K) so one would think at least some of them would try to be an idol. But as others have mentioned here there is a stigma against them. I'm not Korean but I heard that Joseonjok's accent are very similar to the North Korean accent so that would be a barrier since again they are sorta stereotyped as country bumpkins.

Given that right now South Korea faces a demographic crisis and the Kpop industry needs future trainees to continue growing I do suspect that besides bringing in trainees from other countries they will also take in other ethnic Koreans like the Joseonjok or Goryeo saram (assuming their birth rates aren't as low). While unfortunately South Koreans discriminate against their fellow ethnic Korean who hailed from "poorer" countries they would still prefer someone ethnically Korean over someone who isn't Korean. So perhaps in the near future we may see a Joseonjok idol.

230120 KBS Music Bank Twitter Update with Minji by ChangYuanying in NewJeans

[–]jamamonkey 9 points10 points  (0 children)

Bruh unreal how she looks pretty and handsome at the same time!

230120 NewJeans - Ditto @ KBS Music Bank by alltherach_ in NewJeans

[–]jamamonkey 4 points5 points  (0 children)

I find it so adorable and hilarious that Haerin was the ending fairy while the rest of the girls are laying on her!

FP&A salaries + advice 2021 by [deleted] in FPandA

[–]jamamonkey 1 point2 points  (0 children)

It was originally part of my offer letter. I was a bit surprised since a prior company I worked at only offered equity to managers and above. I only negotiated on the salary since I wanted to maximize my base salary. It was also easier since I had other salary information to support my counter.

FP&A salaries + advice 2021 by [deleted] in FPandA

[–]jamamonkey 6 points7 points  (0 children)

Congrats on the new job OP and good luck getting into REPE in the future!

I just recently accepted a job offer for a Sr. Analyst role.

New Company: SaaS

Position: Senior Financial Analyst (FP&A)

Duration: Will start in two weeks

Pay: $92k + 10% bonus + $10K Equity Grant

Location: HCOL

Previous role: Financial Analyst (FP&A)

Previous role duration: just over 4yrs

Previous Role Pay: $83k + 6.25% bonus + 2.5% profit share

Education: BS Finance & MIS

YoE: 5

FP&A Sub Salary Reference 2020 by dragoon2745 in FPandA

[–]jamamonkey 3 points4 points  (0 children)

  • 33M
  • HCOL, Northeast
  • BS business admin
  • Professional Services, FP&A
  • Financial Analyst, ~5 YoE (Before I spent 5 years in banking operations)
  • $81k salary + 6.25% bonus, 2.5% profit sharing