In most cases, the bulk of the amount is directly settled with the artist.

EDAM Entertainment is an agency under Kakao Entertainment, which owns a 52.5% stake.

IU herself owns a 22.5% share, making her the third-largest shareholder.

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EDAM reported total sales of 74.9 billion KRW and an operating profit of 6.1 billion KRW in 2023.

SEE ALSO:Singer and actress IU dazzles in J.ESTINA’s ‘ALL MY LOVE’ jewelry campaign

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