Strengthen content competitiveness and improve management efficiency under the co-representative system of Han Sung-ho and Kim Yoo-sik of FNC

*This content was translated by AI.

FNC Entertainment (173940, FNC Entertainment). Hereinafter, FNC) announced on the 30th that the co-representative system of Han Sung-ho and Kim Yoo-sik, which was launched in 2022, is driving content competitiveness and management efficiency at the same time, and the recent trend of performance improvement is becoming clearer.

First of all, it is rapidly strengthening its competitiveness in the music business under the leadership of Han Sung-ho, CEO and executive producer. Overall annual album sales increased by more than 70% from about 700,000 in 2022 to about 1.2 million in 2025. In particular, P1 Harmony released three mini albums in 2022, while sales increased significantly even though it only released one mini album in 2025. As P1 Harmony's album is scheduled to be released twice this year, overall album sales are expected to grow even faster.

P1 Harmony's ninth mini album "UNIQUE," released in March this year, surpassed 500,000 copies at the beginning, achieving its first half-million seller. It has continued to grow remarkably in the global market, ranking fourth in the Billboard 200 and breaking its own top ranking. FT Island, CNBLUE, and N.Flying are also supporting a stable sales base by continuing active activities based on solid fandom.

The growth of the performance sector is also remarkable. The total number of visitors per year nearly tripled from about 180,000 seats to about 510,000 seats during the same period, and the overseas sales base was further strengthened through the expansion of arena tours in the U.S. and global tours. In particular, Pewon Harmony entered the dome-class venue for the first time on its tour of the Americas last year, solidifying its position in the North American market.

In terms of artist portfolio, there is also a clear change in constitution. It has been reorganized from the existing band-centered structure to a structure in which bands and dance groups are balanced, and the sales area has also expanded from Asia to the Americas and Europe, increasing business stability.

CEO Kim Yoo-sik first reorganized the organization by function to focus on the business unit to strengthen the performance management system. In addition, the management structure was strengthened by strengthening profitability and improving the financial structure through the establishment of the management system.

In terms of profitability, variable costs were reduced through strategic cooperation with business partners of each business, and in the case of the goods (MD) business, sales expansion and profit rate improvement were realized at the same time through self-implementation. It also maximizes profitability compared to budget input by establishing a management system that reviews pre-profitability for each major project and checks performance after execution.

It has also increased efficiency in terms of fund management. It is laying the foundation for mid- to long-term growth by concentrating the funds secured under favorable conditions and the funds raised through non-core businesses and asset arrangements on key businesses such as music production, artist development, and drama production.

The company believes that the role-sharing effect of the co-representative system will expand further in 2026. As the business structure, which has been reorganized around key businesses, has settled down stably, it is expected that the flow of strengthening competitiveness and improving the profit structure of the main business will become clearer.

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*This content was translated by AI.