Star Creation, KPOP, and Korean Economy: A Case Study

Research Article
Open access

Star Creation, KPOP, and Korean Economy: A Case Study

Lina Gan 1*
  • 1 Sungkyunkwan University    
  • *corresponding author gd_fs_nhjsw@ccb.com
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/31/20231489
AEMPS Vol.31
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-083-7
ISBN (Online): 978-1-83558-084-4

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

Gan,L. (2023). Star Creation, KPOP, and Korean Economy: A Case Study. Advances in Economics, Management and Political Sciences,31,13-18.
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References

[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.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

ISBN：978-1-83558-083-7(Print) / 978-1-83558-084-4(Online)
Editor：Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.31
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[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

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