Download pdf
Star Creation, KPOP, and Korean Economy: A Case Study
- 1 Sungkyunkwan University
* Author to whom correspondence should be addressed.
Abstract
The global success of KPOP this year has had a positive impact on the Korean economy. The importance of KPOP to Korea was determined by analyzing the operation of KPOP and the revenue generated by KPOP idols. With the development of network technology, KPOP is spreading more and more widely. It has not only achieved success and popularity in Asian countries, but also in Europe and America. KPOP successfully opened the world market. As the most popular Korean idol group in Europe and the United States, BTS has generated considerable economic profits for Korea. BTS s concert revenue is expected to exceed that of the Pyeongchang Winter Olympics. Along with the opening of the global market, KPOP has also boosted the economy of South Korea, attracting tourists from all over the world to visit the country and promoting the local culture. It attracts teenagers and girls from all over the world to follow the trend of Korean culture.
Keywords
KPOP, idol, BTS, economy, Korea
[1]. Lee Chang-gyu reporter, Korea. (2020)"Discussing the American version of 'Nige Project'"... JYP CEO Park Jin-young announces the launch of the US-BASED girl group. https://www.topstarnews.net/news/articleView.html?idxno=833564
[2]. Park Taeeui reporter, Korea. (2023) [Park Taeeui Comma] 20 years of boa, 20 years of K-pop, Daily Economy, https://news.zum.com/articles/82228964
[3]. Ha Soojung reporter, Korea. (2011) Super Junior 'Mr. Simple Melon Music Awards "I was not very popular when I was in school." The news. https://www.newsen.com/news_view.php?uid=201111241802091001
[4]. Hong Sinyoung reporter, Korea. (2012), 'Gangnam Style' tops CHARTS in UK, OBS News. http://www.newstown.co.kr/news/articleView.html?idxno=131615
[5]. YouTube, Starship，IVE Kitsch MV. https://youtu.be/pG6iaOMV46I
[6]. Oh, Donghyun reporter (2023), The government will invest a total of KRW 1.124 trillion this year to promote national intellectual property projects. https://www.newsis.com/view/?id=NISX20230402_0002250474
[7]. Yoon Hwijiong reporter (2022), Business Post, [Who Is?] Lee Soo-man, CHAIRMAN of SM Entertainment. https://www.businesspost.co.kr/BP?command=article_view&num=294374
[8]. 2022 Hybe Business Report (2022). https://m.blog.naver.com/cpasuyong/223064006908
[9]. Joo Jiyoung reporter, Korea. (2022) What's the economic effect?... Ministry of National Defense says BTS will be exempted from military service. https://www.pinpointnews.co.kr/news/articleView.html?idxno=133496
[10]. Joo Jiyoung reporter (2022), Point News, What's the economic effect?... The Ministry of National Defense has said BTS will be exempted from military service, https://www.pinpointnews.co.kr/news/articleView.html?idxno=133496
[11]. The Korea Institute for International Cultural Exchange (2022), 2022 Global Hallyu (Korean wave) trend, KOFICE publish, Seoul, South Korea
Cite this article
Gan,L. (2023). Star Creation, KPOP, and Korean Economy: A Case Study. Advances in Economics, Management and Political Sciences,31,13-18.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).