November 26, 2022

Leaders of the Los Angeles Korean Competition Basis

The Los Angeles Korean Competition, which celebrated its forty second run in October as the most important occasion of its sort in the US, noticed greater than $1 million in income this 12 months, marking six years of surplus, the competition basis stated Monday.

In keeping with the muse, the four-day competition — which was held Oct. 1 to 4 — introduced in a report $1.04 million, together with $690,000 from cubicles and $193,000 from donors.

The inspiration spent $978,688 on competition prices this 12 months, which means it had a web revenue of $62,693.

The inspiration stated web revenue really decreased from final 12 months, because it spent extra on an upgraded stage set-up and {the marketplace} this 12 months.

“Beginning with the success we noticed this 12 months, we’re hoping to achieve extra of a web revenue subsequent 12 months,” stated Park Yoon-sook, president of the competition basis.

The annual competition attracts tons of of hundreds to Seoul Worldwide Park in Koreatown. Its sights embody musical acts, meals and vendor cubicles, cultural performances and a Saturday parade down Olympic Boulevard.

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