G-Dragon’s long-awaited comeback came with a massive payday.
According to Galaxy Corporation’s latest audit report, the K-pop star received over 60 billion won ($41 million) in settlement earnings last year. His packed schedule—spanning a global tour, TV appearances and endorsements—reportedly brought in nearly 300 billion won ($203 million) for the company.
And that figure likely doesn’t include additional income like royalties, meaning his total earnings could be even higher.
The company’s commission expenses, which largely reflect artist payouts, surged to 71.4 billion won—a 31-fold jump from the previous year. After accounting for other costs, industry estimates put G-Dragon’s personal take at over 65 billion won.
For much of the year, Galaxy Corporation essentially operated as a one-artist agency centered on G-Dragon. Even after signing names like Song Kang Ho and Kim Jong Kook, insiders say the revenue gap between him and other artists is more than 100-fold.
His third solo album Übermensch and a global tour across 17 cities and 39 shows—drawing about 825,000 fans—helped drive the company’s explosive growth. Revenue jumped 618% to 298.9 billion KRW, while operating profit reached 12.5 billion KRW, marking a return to the black.
The so-called “G-Dragon effect” didn’t stop there. Following a pre-IPO investment, the company’s valuation surpassed 1 trillion KRW, achieving unicorn status.
Galaxy Corporation is now eyeing a potential U.S. listing, though industry watchers note its heavy reliance on G-Dragon—and still-developing AI-driven “entertainment tech” business—could take time to balance out.
The company has continued expanding its roster with artists like Taemin while pushing into global markets with new offices in the U.S. and Hong Kong.
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