YouTubers movie a gathering of President Yoon Suk Yeol’s supporters exterior Seoul Detention Heart in Uiwang, Gyeonggi Province, Jan. 16. Yonhap
The highest 1 % of YouTubers and on-line private broadcasters earned a complete of 327 billion gained ($227 million) final 12 months, with the typical earnings exceeding $1 million or 1.3 billion gained per individual.
Nonetheless, earnings disparity throughout the one-person media market stays important, with the highest 10 % accounting for greater than half of the entire income.
In line with knowledge obtained from the Nationwide Tax Service (NTS) by Rep. Chung Il-young of the Democratic Social gathering of Korea on Tuesday, a complete of 24,797 content material creators, together with YouTubers, reported their earnings final 12 months.
This determine represents a virtually 19-fold enhance in comparison with 2019, when only one,327 people declared their earnings. The overall reported income of those creators reached 1.79 trillion gained.
The highest 1 %, comprising 247 people, made a unprecedented amount of cash. Their mixed earnings amounted to 327 billion gained. In comparison with 2019, when their whole earnings was 98 billion gained, this marks a 36 % enhance over 5 years. The highest 1 % accounted for 18.3 % of the entire income within the one-person media market.
The sample was related when the scope was expanded to the highest 10 %. These 2,479 people earned a complete of 899 billion gained final 12 months, making up 50 % of the market.
Their common earnings was roughly 362 million gained per individual. In the meantime, the NTS has carried out solely 67 tax audits on YouTubers since 2019, when it launched a brand new trade classification code for one-person media content material creators.
„Because the one-person media market grows, the manufacturing of maximum and provocative content material geared toward rising views for promoting income and private sponsorships is on the rise,“ Chung stated. „Regardless of the speedy annual enhance within the earnings of YouTubers and private broadcasters, the variety of tax audits has remained nearly unchanged over the previous three years. Stronger tax investigations are needed.“
This text from the Hankook Ilbo, a sister publication of The Korea Instances, is translated by a generative AI and edited by The Korea Instances.
