How Much Does Bts Bring To The Korean Economy

Theyre so influential that they reportedly bring about 36 billion to the South Korean economy. The seven-member group whose.

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BTS accounts for 465 billion of South Koreas GDPand other jaw-dropping stats about the supergroup.

How much does bts bring to the korean economy. South Korean boy band BTS are worth more than US36 billion to the countrys economy every year equivalent to the contribution of 26 mid-sized companies. 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. 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.

K-pop boy group BTS could impact South Koreas economy by nearly 1 billion a government official said. 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. 1 albums in the.

That report estimated that BTS could generate 37 billion for South Korea over the course of 10 years. On Dec 2018 the Hyundai Research Institute HRI reported check the original Korean report here that BTS generates an estimated amount of. BTS is worth over 36 billion a year to South Koreas economy.

A new study by Hyundai Research Institute found that the boy band is worth more than 36 billion yearly to. As a brand BTS is very valuable. K-Pop band BTS is literally a national treasure for South Korea.

BTS has broken barriers for K-pop acts internationally scoring multiple No. The band has the. The South Korean government agency Ministry of Culture Sports and Tourism has revealed the huge impact that BTS have had on the countrys economy.

BTS and BLACKPINK were cited as artists leading the market growth. The uber-popular Korean pop boy band BTS accounts for 465 billion of South Koreas GDP per the Hollywood Reporter. Economic Effect of More than 55 Trillion Won per Year.

They increased South Koreas popularity contributing to a surge in tourism. That makes the band as valuable to South Koreas economy as multinational giants like Samsung and Hyundai. 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 -.

Soon after BTS made it to the Billboard ranking in 2017 the companys fortunes sky-rocketed. In 2018 the South Korean music market experienced a 179 increase in revenue growth and.

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