How Much Does Bts Bring To The Korean Economy

BTS Estimated to Have a 46 Billion Impact on South Koreas Economy. In 2017 Korean super group BTS were the reason for one in every 13 tourists visiting South Korea.

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I predict that BTS will easily surpass 1 trillion won He continued.

How much does bts bring to the korean economy. BTSs estimated annual economic value of 41 trillion won is 26 times larger than the average medium-sized company in Korea which earned just 159 billion won in 2016 according to the report. When Psy was active the economic effect amounted up to about 1. SBS News reported that BTS is bringing over 5 trillion KRW approximately 46 billion USD to Koreas economy.

Now they reportedly bring in over 36 billion a year to the countrys economy. That makes the band as valuable to South Koreas economy as multinational giants like Samsung and Hyundai. In the end BTSs 465 billion is only a minor contribution to South Korean GDP at 03 percent.

The floppy-haired songsters were also the reason that one in every 13 foreign tourists visited South Korea in 2017 the Hyundai Research Institute. Korean K-pop band BTS GC Images K-Pop band BTS is literally a national treasure for South Korea. A new study by Hyundai Research Institute found that the boy band is worth more than 36 billion.

1 Some call this the BTS Effect highlighting just how much of a contribution to the country BTS make with their remarkable work. Of all the jaw-dropping statistics out of South Korea the splashiest is that K-pop sensation BTS is producingalong with hit songsa whopping 465 billion of gross domestic product. A separate 2018 report from Hyundai Research Institute which examined the groups 2017 impact noted that some 800000 tourists chose to visit South Korea that year because of BTS seven.

A Korean study estimates that 83 of BTSs fans are female and 45 are between the ages of 10 and 30. 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 -- a research institute said Tuesday. Katharina Buchholz Data Journalist.

Do Jong Hwan head of South Koreas Ministry of Culture Sports and Tourism told the Segye Ilbo as translated via Allkpop. Bae Yong Joon through the drama Winter Sonata created an economic value of about 3 trillion won. Meanwhile the band comes in at number 43 on Forbes s Celebrity 100 list with earnings of 57.

On Dec 2018 the Hyundai Research Institute HRI reported check the original Korean report here that BTS generates an estimated amount of 4 trillion won 354 billion. BTS 2020 song Dynamite made so much money for the South Korean economy that it helped recover almost 8000 jobs that had been lost during the COVID-19 pandemic. The uber-popular Korean pop boy band BTS accounts for 465 billion of South Koreas GDP per the Hollywood Reporter.

The HRI report also discussed the factors believed to be behind the success of the group. South Korean boyband BTS one of Time 100s. 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.

Entertainment News -SEOUL South Korean boyband BTS are worth about 41 trillion won S5 billion to the countrys economy every year - equivalent to. BTS impact on Koreas economy has awed everyone. BTS are a seven-member K-Pop group who have took the world by storm with their music and have gained the South Korean economy 49 billion which is around 56 trillion South Korean won.

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