86

57

News
Posted by SquidMaster32 pts Wednesday, December 19, 2018

BTS revealed to have an incredible impact on the South Korean economy



BTS' impact on the South Korean economy is incredible!

According to a recent study by the Hyundai Research Institute, BTS' total economic impact for South Korea is roughly 5.6 trillion KRW, which equals about 5 Billion USD

The Institute gathered this data from the group's total revenues, such as concert and advertisement revenues, as well as their secondary economic impacts, such as tourism.

The data state when there's a 1% increase in BTS' popularity, 3 months later, foreigners' visit to South Korea increases by 0.45%. The 1% increase in BTS' popularity also leads to a 0.18% increase in clothing, 0.72% increase in cosmetic, and 0.45% increase in food sales in South Korea. It's also noted that BTS' economic impact is about 26 times greater than the average corporation in South Korea.

Incredible! 

Shop the story
BTS JIN : VOGUE October 2024
$25
BTS JIN Cover - W Magazine August 2024
$24
  1. BTS
27 21,347 Share 60% Upvoted
 
noname12345
noname12345-3,069 pts Wednesday, December 19, 2018 0
Wednesday, December 19, 2018

[+] This user has a poor community rating, click here to read this comment.

17 (+28 / -11)
Share
 
GD_Amber
GD_Amber7,089 pts Wednesday, December 19, 2018 0
Wednesday, December 19, 2018

It's all speculations, what they mentioned here have been constantly increasing for years, sometimes it high and sometimes low. But to say 5B lol it's a reach and beautiful media play.

15 (+25 / -10)
Share

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Jung Woo Sung, Moon Ga Bi
Jung Woo Sung, Moon Ga Bi
Jung Woo Sung, Moon Ga Bi
Big Bang, G-Dragon, Yang Hyun Suk
Jung Woo Sung
Jung Woo Sung, Moon Ga Bi
BTS, Jungkook
Shinhwa, Minwoo (M)
Jung Woo Sung
Leessang, Gary, Gil
Jung Woo Sung, Moon Ga Bi
Min Hee Jin, NewJeans
Jung Woo Sung, Moon Ga Bi
Cha Eun Woo, Lee Mu jin, Lee Seung Gi, Lyn
Jung Woo Sung, Moon Ga Bi
New Message

SEND