Billboard has revealed its 2026 Indie Power Players, a list that includes various individuals from the music industry, such as Han Sung-soo, So Sung-jin, and Shin Sun-jeong from HYBE Labels, as well as SM co-CEOs Jang Cheol-hyuk and Tak Young-jun. The list appears to have a significant presence of K-pop industry figures, and also includes international artists and executives like RAYE and Rubén Blades. The honorees were recognized at an event where Rubén Blades received an Icon Award.