How Much Does Bts Contribute To Korean Economy

April 15, 2021 Post a Comment

K-Pop Group BTS New Release Dynamite Can Add 14 Billion to South Koreas Economy Image Credits. SEOUL - South Korean boyband BTS are worth more than 36 billion to the countrys economy every year -- equivalent to the contribution of 26 mid-sized companies --.

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Reports from local media have indicated that the global popularity of the K-Pop group brings in over 5 trillion South Korean won 46 billion annually to the local economy.

How much does bts contribute to korean economy. The seven-member group whose. In 2018 the South Korean music market experienced a 179 increase in revenue growth and. The South Korean government agency Ministry of Culture Sports and Tourism has revealed the huge impact that BTS have had on the countrys economy.

According to the Korean entertainment labels full-year audit report last year Big Hits net profit rose 173 from 2016 reaching 245 billion won or around 229 million. Now they reportedly bring in over 36 billion a year. They increased South Koreas popularity contributing to a surge in tourism.

K-pop boy group BTS could impact South Koreas economy by nearly 1 billion a government official said. In 2017 Korean super group BTS were the reason for one in every 13 tourists visiting South Korea. BTS is worth over 36 billion a year to South Koreas economy.

That makes the band as valuable to South Koreas economy as multinational giants like Samsung and Hyundai. 15 UPI -- Fans of the seven-member boy band BTS are driving a global surge in the popularity of the Korean Wave and adding 35 billion a year to the South Korean economy according. The uber-popular Korean pop boy band BTS accounts for 465 billion of South Koreas GDP per the Hollywood Reporter.

BTS accounts for 465 billion of South Koreas GDPand other jaw-dropping stats about the supergroup And that puts them in the same financial neighborhood as. Dec 20 2018 500 am SGT SEOUL South Korean boyband BTS are worth about 41 trillion won S5 billion to the countrys economy every year -. Researchers estimated that BTS annual production inducement effect which means the economic value added to related industry totals 36 billion annually which is.

The study also projected that the track would generate 17 trillion won 143 billion of economic activity and nearly 8000 new jobs. The seven singers appear on the latest cover of The Hollywood Reporter which labels the group a billion dollar boy band Thats not the magazines own stat. Soon after BTS made it to the Billboard ranking in 2017 the companys fortunes sky-rocketed.

It comes from a. When PSY was active the economic effect amounted up to about 1 trillion won 12 billion AUD said Do Jong Hwan the minister of the South Korean ministry of culture sports and tourism. BTS and BLACKPINK were cited as artists leading the market growth.

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