Driven by K-pop groups such as Seventeen, Stray Kids and Tomorrow X Together, sales of the top 400 physical albums in South Korea totaled 55 million through June — a 57% increase from the prior-year period, according to Circle Chart, the company that manages music charts in the country.
Seventeen had 21 titles in the top 400 albums and accounted for 16.2% of the tally’s sales, totaling 8.9 million units. Meanwhile, HYBE, the company behind Seventeen, was responsible for 40.4% of sales in the top 400.
Physical album sales in the United States don’t come close to those numbers. In a country of about 52 million people — less than one-sixth of the United States’ 332 million people — South Koreans bought an average of 1.06 albums per person in the first half of the year (counting only the top 400). That’s 23 times the United States’ per-capita album purchase rate of roughly 0.05 units (also counting only the top 400, according to Luminate).
Comparing South Korea’s first-half physical album sales numbers to those of the United States demonstrates just how big of a gap exists between the two countries in terms of consumption habits. In the United States, superfans and direct-to-consumer sales helped boost physical album sales 13.3% to 41.1 million in the first half of the year — a big improvement from 4.7% decline in the year-ago period. But that figure pales in comparison to South Korea, a country with less than one-sixth the population. Sales of the top 400 physical albums in the United States totaled 15.4 million units over the same period — 72% fewer than in South Korea.
Taylor Swift’s rabid fanbase is the closest thing the United States has to the fandom seen in South Korea for K-pop groups such as BTS. Swifties, as they’re known, helped created intense demand for the pop titan's Eras Tour, which overloaded Ticketmaster’s website in the United States and turned her concerts into civic events recognized by local politicians. Her album releases have become events unto themselves as fans snap up multiple versions of vinyl LP and CDs.
But Swift’s U.S. physical album sales in the first half of 2023 can't compare to sales for the top artists in South Korea. In the United States, Swift dominated physical album sales in the first half of the year with a 7.4% share of the top 400 — more than twice the number of the runner-up artist, K-pop group Stray Kids. Through June 30, she totaled 1.15 million physical album sales across her catalog. Those numbers sound impressive until you consider them against the 8.9 million overall sales for Seventeen in South Korea.
In terms of physical sales for single albums, Swift also finished atop the heap in the United States. Her 2022 album, Midnights, sold 430,000 units through June 30. (Swift’s new album, Speak Now (Taylor’s Version), was not included in the top 400 of the first half of 2023 because it was released in July). But the top-selling album in South Korea was Seventeen’s 10th Mini Album ‘FML,’ which sold 5.5 million units over the same period. In fact, a whopping 13 albums surpassed the 1-million-unit threshold in South Korea through mid-year. It's worth noting that even if Midnights had doubled its physical sales number in the United States through mid-year, it wouldn’t have reached the top 10 on South Korea’s chart.
