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U.S. K-Pop Fans Drive Strong Album Sales but Lag in Concert Attendance, Billboard Survey Finds

U.S. K-Pop Fans Drive Strong Album Sales but Lag in Concert Attendance, Billboard Survey Finds

SEOUL, Aug. 7 (Korea Bizwire) — A recent Billboard survey reveals that while a significant share of U.S.-based K-pop fans are spending heavily on albums and merchandise, far fewer are attending live concerts—a disconnect shaped largely by geography and cost. According to the report titled “K-POP Fandom in the U.S.”, 41% of American K-pop fans spend [...]

Stray Kids to Release New album ‘Karma’ in Aug.

Stray Kids to Release New album ‘Karma’ in Aug.

SEOUL, July 25 (Korea Bizwire) — K-pop boy group Stray Kids will release their fourth full-length album, “Karma,” next month, JYP Entertainment said Friday. The album, set for a 1 p.m. release on Aug. 22, marks their first full-length project since the chart-topping “5-Star” in June 2023. To build anticipation, the agency unveiled a futuristic [...]

Park Chan-Wook’s ‘No Other Choice’ To Compete At Venice Film Festival

Park Chan-Wook’s ‘No Other Choice’ To Compete At Venice Film Festival

SEOUL, July 22 (Korea Bizwire) — Director Park Chan-wook’s “No Other Choice” has been officially invited to compete for the prestigious Golden Lion at this year’s Venice International Film Festival. The announcement was made Tuesday during a livestream revealing the 21 films in the main competition section. The acclaimed director’s latest film is the first [...]

K-pop Album Exports and Sales Decline Sharply in First Half of 2025, Raising Industry Concerns

K-pop Album Exports and Sales Decline Sharply in First Half of 2025, Raising Industry Concerns

SEOUL, July 22(Korea Bizwire) — South Korea’s K-pop industry is facing mounting concerns as both album exports and sales declined in the first half of 2025, signaling a broader slowdown in a market once considered resilient to global economic headwinds. Even Japan — historically K-pop’s strongest overseas market — saw reduced import volumes, prompting calls for [...]

K-Wave Fuels Global Surge in Secondhand Exports from Korea

K-Wave Fuels Global Surge in Secondhand Exports from Korea

SEOUL, July 21 (Korea Bizwire) — As Korean pop culture continues to captivate global audiences, secondhand K-pop merchandise is experiencing a dramatic surge in international demand, driving a new wave of “reverse direct-to-consumer” sales from South Korea to overseas buyers. According to Bunjang, a leading Korean secondhand marketplace, the platform’s global transaction volume in the first [...]

Netflix Forecasts Record $45.2 Billion Revenue as Korean Content Surges Globally

Netflix Forecasts Record $45.2 Billion Revenue as Korean Content Surges Globally

SEOUL, July 18 (Korea Bizwire) — Netflix is poised to generate up to 62.9 trillion won ($45.2 billion) in revenue this year—more than triple the total revenue of South Korea’s entire broadcasting industry in 2023, which stood at 18.8 trillion won. The surge reflects the platform’s accelerating global dominance and the rising popularity of Korean [...]