Interestingly very little money for PSY’s hit song “Gangnam Style” is coming from South Korea with the vast majority of his money coming from abroad:
“Gangnam Style” has been very good to Psy. The South Korean rapper’s earnings are reportedly in the $8 million ballpark, according to the Toronto Star.
Although Psy has made a small fortune off the catchy tune and its peculiar dance, not much of the money came from South Korea or Asia. In fact, the rapper only made around $60,000 from online sales in his native country.
The Seattle Times reports that Psy and YG Entertainment have earned around $870,000 from ads displayed on his YouTube channel. The “Gangnam Style” video, which has roughly 880 million views, recently became the most watched clip ever uploaded to the popular website.
On the digital sales front, the song has been downloaded roughly 2.1 million times from iTunes. Nielsen SoundScan states that “Gangnam Style” continues to be an exceptionally strong performer months after its release. If calculations are correct, Psy and company stand to make around $2.4 million from digital downloads alone.
Additionally, the South Korean rapper will reportedly make a tidy sum of money from television commercials. Psy is currently lending his face and song to a Samsung refrigerator and a brand of noodles. [Inquisitr.com]
You can read the rest at the link, but I would figure that PSY is going to make plenty of money in South Korea from endorsement deals so I think the $60,000 number is deceiving. Due to the pirating of music in South Korea he is probably happy to make that much in music sales. However, it would be interesting to see how much money PSY has made from the US considering he was recently exposed as participating in anti-American protests in South Korea a few years ago.