22/01/2021 · According to Korea Foundation for International Cultural Exchange, the “Korean Wave” of K-Pop, TV dramas, and games contributed USD 9.5 billion to the Korean economy in 2018. This is only likely to grow.24/09/2020 · Experts believe that K-Pop will offer support for the country's pandemic-hit economy. The South Korean economy has enjoyed fast development over the last 20 years, with K-Pop an important pillar industry. K-Pop groups had flourished domestically in the early 1990s. By the mid-90s, the K-pop star system had become entrenched in South Korea.02/10/2018 · Additionally, amongst kpop, the advertisement of Korean culture had led to successes in other Korean industries such as tourism, fashion, and food. The government of Korea saw potential in what was a small and insignificant sector of its economy, and they turned it into a critical player, surpassing all other nations and making it an economical benefit, …Kpop merchandise also plays a major role in the boost in South Korea’s economy. Idol groups have a plethora of different items themed around their groups present concept. “Keith Howard, a professor at the University of London, says that the country has seen a return of $5 for every $1 spent on K-pop —not only from the music, but from its role in selling other Kpop products”.23/12/2021 · According to the latest report, the economic effect is currently at $4.9 billion which is around 5.6 Trillion won. What many don’t realize is that this is …26/02/2012 · Korean government stated a 2000% increase of export in beverages to the Middle East, 303% of smart phones, 127% in automobile, 190% VTR, 90% clothing, and 32% refrigerator to South America.15/07/2019 · Should BTS maintain their popularity, they could generate $37 billion in economic value for South Korea over the next 10 years. Meet BTS, a seven member South Korean boy band from Seoul.
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