What is Korean music industry worth?

All in all, the South Korean music industry achieved an all-time high sales revenue of over 6.8 trillion South Korean won in 2019, as well as an export value of over 756 million U.S. dollars. The export value has been increasing steadily ever since 2009 when K-pop began to become a global phenomenon.

Is American music better than K-pop?

K-pop is far better than American pop music. The quality of music that k-pop artists produce is just insane compared to American pop artists’ music. K-pop groups and solo k-pop artists also come out with more content than American artists, producing at least two albums a year.

Is American music popular in South Korea?

Given that South Korean music is heavily influenced by hip-hop and R&B, genres created by black Americans, this is notable. Many black American hip-hop and R&B songwriters now even work on writing K-pop hits….US or UK artists with most appearances in the Gaon Music chart, 2010-2018.

Is K-pop a copy of American pop?

Kpop is also different from American pop because of the people who produce it. Many people enjoy kpop more than pop not only because of the different styles of music, but because the kpop stars, who make the music, work harder to make it, hence creating a better product.

How big is the music industry in South Korea?

All in all, the South Korean music industry had a sales revenue of around 6.1 trillion South Korean won – and an export value of about 562.24 million U.S. dollars. The export value has been increasing steadily ever since 2009 when K-pop began to become a global phenomenon.

Is the music industry a place to achieve success alone?

Many Americans see the music industry as a place where one achieves success alone; starting from the bottom and working – or singing, as the case may be, up. That’s how westerners do it anyway, but many foreign countries do it differently. South Korea’s K-pop is just one example.

Why are South Korean music companies so obsessed with artists’ careers?

Being involved in so many aspects of an artist’s career also means that South Korean music companies can take a wider view of an artist’s development when it comes to marketing, rather than focusing solidly on the next record release.

Do South Koreans listen to South Korean music?

All in all, when asked about their favorite origin of music, around 83.6 percent of music listeners in South Korea stated that they prefer to listen to music originating from South Korea. In the home country of Samsung and LG, a great majority of consumers own and use smartphones.