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BTS’ Recent Home Concerts Created Economic Effect Worth Nearly 500 bln Won: Report

BTS’ Recent Home Concerts Created Economic Effect Worth Nearly 500 bln Won: Report

SEOUL, Jul. 24 (Korea Bizwire) — K-pop boy band BTS’ fan meetings and concerts in South Korea last month created an economic effect worth nearly 500 billion won (US$424.2 million), an academic report showed Wednesday. According to the report by a research team led by Pyun Ju-hyun, a business professor at Seoul’s Korea University, BTS [...]

S. Korea’s Market for Performing Arts Grows 23 pct in 2018

S. Korea’s Market for Performing Arts Grows 23 pct in 2018

SEOUL, Jan. 7 (Korea Bizwire) – South Korea’s market for performing arts grew 23 percent last year from a year earlier driven by solid performances by musicals and K-pop concerts, data showed Monday. Interpark, an online shopping mall and leading ticket distributor, said the total 2018 ticket sales for performing arts came to 544.1 billion [...]

Popularity of Books and Live Performances Increases Due to New Tax Policy

Popularity of Books and Live Performances Increases Due to New Tax Policy

SEOUL, Jul. 16 (Korea Bizwire) — After new tax regulations came in effect on July 1 that allow book purchases and live performance tickets to qualify as income tax deductions, vendors have seen a notable increase in relevant sales. According to Yes 24, a leading online bookstore, the sales volume of books in the first [...]

Coffee Companies Tie Cultural Promotions to Their Business

Coffee Companies Tie Cultural Promotions to Their Business

SEOUL, Nov. 30 (Korea Bizwire) – Coffee companies are engaging in cultural promotions as a way of improving their brand image with customers through hosting mini concerts and art exhibitions.  Dongsuh Food, famous for its instant coffee mix brand Maxim, recently hosted its latest classical music concert in the southwestern city of Jeonju on Nov. [...]