SEOUL, Jan. 10 (Korea Bizwire) — The core copyright industries are playing an increasing role in South Korea, collectively making a growing contribution to the economy.
The Korea Copyright Commission released data on Tuesday which revealed that the core copyright industries including broadcasting, performances, and creative work made more contributions to the South Korean economy in 2015 compared to the previous year.
The data concerning the level of economic contributions made by the South Korean copyright industries showed that the industries played a bigger role than the health and welfare industry or the IT industry, accounting for 4.38 percent of the economy.
In 2015 alone, the core copyright industries generated around 156.7 trillion won in sales, employing over 890,000 people, with both net sales and job creation up from the previous year.
However, due to the struggling manufacturing industry, the interdependent copyright industries, which have a close link with manufacturing, saw their role in the South Korean economy shrink from 8.67 percent to 8.09 percent over the same period.
The total added value of the South Korean core copyright industries was estimated at nearly 126.5 trillion won in 2015, down 2.3 trillion won from the same time a year before.