Thursday , September 24 2020

It's No Accident That We're Obsessed with Parasite & BTS, Crypto Coins News

  • South Korea has been trying to become the world’s leading exporter of popular culture.
  • The country’s “soft power” in the global community is increasing at a stratospheric pace.
  • The rapid development of K-culture is helping the government generate immense profits.

The South Korean entertainment industry cannot be stopped. Bands like BTS and movies like “Parasite” are capturing audiences worldwide.

Bong Joon-ho’s Parasite” made history last Sunday, winning four Oscars . It became the first non-English language film to win the Academy Award for best picture.

That shouldn’t surprise you.

Millions of people around the globe are already obsessing over K-pop and K-dramas. But some still wonder: How did it all happen and how far could it go?

They Call It Hallyu

Also known as the Korean Wave, Hallyu refers to the increase in the global popularity of South Korean culture.

2024 Global K-pop Map. The bigger the circle, the more popular K-pop is in the relevant region. | Source: Kpop-radar.com

And if you don’t living under a rock, then chances are you’ve come across the real-life cases. There are Korean dramas on Netflix, Korean skincare products on the shelves, and Korean BBQ restaurants at almost every corner.

BTS Would Not Exist Without This K-Pop Leader

BTS ‘song played at the Winter Olympics. Blackpink performed at Coachella. EXO’s Monster video got over million views on Youtube.

But who was at the forefront of this success?

Psy released his hit “ Gangnam Style

”in . He succeeded where K-Pop had failed so many times before: going viral worldwide.

Everyone from Ellen DeGeneres to Britney Spears was learning the dance moves.

The Wall Street Journal published “ 5 Must-See” response videos . The American rapper T-Pain was Retweeted 1, times when he wrote:

T-Pain was feeling the Hallyu. | Source:
Twitter

The song now has more than 3.5 billion views on YouTube and remains the fifth most liked video in the site’s history. It paved the way for the massive success of bands like BTS.

The Success of Parasite, Psy, and BTS Is No Accident

South Korea is one of the few countries, if not the only one, with a dedicated goal of becoming the world’s leading exporter of popular culture.

Euny Hong, an author of

“The Birth of Korean Cool, ”

wrote:

Korea is throwing all of its weight and billions of dollars into making itself the number one exporter of pop culture in the world. The idea is that if you create the supply, the demand will follow.

In this way, South Korea is trying to expand its global appeal, aka “soft power,” worldwide. And it’s working.

In , Wayne Arnold, global CEO of Lowe Profero, said:

There is not a country that has not. had some influence from Korean culture, whether that’s in the form of K-pop or a Samsung phone.

Dixon Wong Heung-wah, head of the global creative industries program at the University of Hong Kong, told the South China Morning Post

:

It’s the global trend to promote creative industries. . Marketing and branding are what transforms creativity into cash, and that is what South Korea excels in.

The Korean Economy Is Reaping the Benefits of “Soft Power”

K-pop and K-dramas have a direct influence on consumer purchases. Michael DeSimone, CEO of e-commerce solutions company Borderfree , stated :

For example, a YSL lipstick worn in the television series ‘My Love from the Star’ sold out internationally soon after it appeared on the program. Many other luxury products prominently featured in the show also sold well.

The Korean cosmetics sector recorded 40. 5% growth in 17246, with the export of beauty products increasing six-fold over the last decade.

Value of cosmetics exported from South Korea from – . | Source: Statista

The industry is expected to (hit $) (billion by)

.

The country’s tourism is booming as well. K-pop concerts attract millions of people. BTS just had a record-breaking US tour.

Netflix purchases rights to air K-dramas. Fans are ready to buy their idols ’merchandise regardless of their prices.

BTS has rabid fans throughout the world – even in Ukraine. | Source: ANDRIY B / Shutterstock.com

Even (Korean mukbangs

and ASMR videos are under a spotlight on YouTube, generating billions of views.

Will the Wave Hit Even Harder?

The Korean Wave’s growth over the past few years has been a thrilling one.

The Korea Foundation recently released statistics

demonstrating that the number of K-fans increased to nearly (million – growing about 22% in just one year – in .

Yet, it may have only just begun.

With so much international attention, no one can blame the Korean government for leveraging its entertainment industry to further drive the success of the Korean society, economy, and culture.

The wave is here, and South Korea is surfing.

Disclaimer: The opinions expressed in this article. do not necessarily reflect the views of CCN.com.

This article was edited by Aaron Weaver .

Last modified: February , : 284 AM UTC

Read More

About admin

Check Also

This desperate children's hospital in Yemen could be the closest thing to hell on Earth – Sky News, Sky.com

This desperate children's hospital in Yemen could be the closest thing to hell on Earth – Sky News, Sky.com

Warning: This report contains distressing images of seriously malnourished children.If there is a hell, it could well be in a small hospital in north Yemen. There is misery and desperation in every corner you look. They thought in Yemen, it couldn’t get any worse after six years of civil war. They were wrong. A collision…

Leave a Reply

Your email address will not be published. Required fields are marked *