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KCON’s Cumulative Audience Tops 1 Million

KCON’s Cumulative Audience Tops 1 Million

SEOUL/LOS ANGELES, Aug. 19 (Korea Bizwire) — KCON, the world’s largest Korean pop music and culture convention launched, has attracted more than 1 million fans over the past eight years, its organizer said Monday. According to CJ ENM, the organizer of KCON, the convention’s cumulative audience reached 1,069,000 over the weekend when the Korean wave, [...]

‘Hallyu’ Tourist Complex to be Built Near Incheon Airport by 2024

‘Hallyu’ Tourist Complex to be Built Near Incheon Airport by 2024

INCHEON, Aug. 2 (Korea Bizwire) — The municipality of Incheon, west of Seoul, is planning to build a massive tourist complex in a hilly coastal area just west of Incheon International Airport after designating it as a free economic zone, officials said Friday. According to the Incheon Free Economic Zone Authority, the new tourist complex, [...]

Local Governments in Trouble over Bad News of ‘Hallyu’ Stars

Local Governments in Trouble over Bad News of ‘Hallyu’ Stars

SEOUL, Jul. 2 (Korea Bizwire) — A recent series of scandals and gossip involving Korean Wave stars has dealt a heavy blow to provincial governments trying to utilize their associations with entertainers to attract tourists. Most recently, the Taebaek city government in Gangwon Province became an unlikely victim when celebrity couple Song Joong-ki and Song [...]

CJ Companies to Build ‘Hallyu-themed’ Cultural Facilities Near Seoul

CJ Companies to Build ‘Hallyu-themed’ Cultural Facilities Near Seoul

SEOUL, Jun. 19 (Korea Bizwire) — CJ Group companies are planning to build two massive cultural facilities themed after “hallyu,” or the Korean Wave of popular culture, just northwest of Seoul, company officials said Wednesday. CJ ENM, an entertainment and mass media giant owned by CJ Group, has agreed to build the cultural facilities covering [...]

Gov’t to Put a Stop to Fake ‘South Korean’ Brands

Gov’t to Put a Stop to Fake ‘South Korean’ Brands

SEOUL, May 9 (Korea Bizwire) — The South Korean government held a meeting on Wednesday to address foreign companies jumping on the Korean Wave bandwagon. Many foreign companies are creating fake ‘South Korean’ brands to take advantage of the Korean Wave led by BTS and K-dramas. The government will begin monitoring foreign media and social [...]

Retail Shops Suffer as Cosmetics Industry Begins Transformation

Retail Shops Suffer as Cosmetics Industry Begins Transformation

SEOUL, Jan. 28 (Korea Bizwire) — Retail cosmetics shops that have been the drivers of the ‘K-Beauty’ industry for the past 15 years are facing a crisis, exposing their limitations. The cosmetics industry is undergoing a series of transformations due to decreased demand from China and a change in distribution structure resulting from stagnant domestic [...]

Number of Global ‘Hallyu’ Fans Soars Close to 90 Million: Report

Number of Global ‘Hallyu’ Fans Soars Close to 90 Million: Report

SEOUL, Jan. 10 (Korea Bizwire) — The number of dedicated global fans of “hallyu,” or the Korean Wave, is estimated to have surged to about 90 million at the end of last year, a government-affiliated foundation said Thursday. The Korea Foundation said in a report that there were 1,843 hallyu fan clubs in 113 countries [...]

Success of TWICE, Abolition of One-Man Control, Propel JYP’s Ascent to No.1 Entertainment Firm

Success of TWICE, Abolition of One-Man Control, Propel JYP’s Ascent to No.1 Entertainment Firm

SEOUL, Aug. 30 (Korea Bizwire) — JYP Entertainment, the home for top-rung girl band TWICE, beat its long-time rival SM Entertainment to emerge as the biggest entertainment firm by market capitalization for the first time in nearly two decades this week. Following steady growth since early this year, shares of JYP finished at 31,300 won [...]

Chinese Shops in Vietnam Milk Surging Popularity of Korean Wave

Chinese Shops in Vietnam Milk Surging Popularity of Korean Wave

  Jun 30 (Korea Bizwire) – At first sight, one would think that they were in front of a “K-store” – a shop carrying Korean items. A quick peek inside, however, reveals the extent of the deception, the opportunistic façade unable to mask the reality of the wares being touted within – knockoffs of popular [...]