SEOUL — Hybe Co. announced on Monday a substantial rise in its net income for the year 2023, reaching 186.6 billion won ($140.2 million), which marks a 288.8 percent increase from the previous year.
According to Yonhap News Agency, Hybe’s operating profit also saw an uptick of 24.9 percent year-on-year, totaling 295.8 billion won. The annual revenue was reported to have climbed by 22.6 percent, amounting to 2.17 trillion won.