Advances in Economics, Management and Political Sciences

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

Series Vol. 31 , 10 November 2023


Open Access | Article

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

Lina Gan * 1
1 Sungkyunkwan University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 31, 13-18
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Lina Gan. Star Creation, KPOP, and Korean Economy: A Case Study. AEMPS (2023) Vol. 31: 13-18. DOI: 10.54254/2754-1169/31/20231489.

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

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

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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

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-083-7
ISBN (Online)
978-1-83558-084-4
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/31/20231489
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated