{"id":726,"date":"2019-08-14T09:42:05","date_gmt":"2019-08-13T23:42:05","guid":{"rendered":"https:\/\/asiaadvisory.co\/?p=726"},"modified":"2019-08-14T09:42:05","modified_gmt":"2019-08-13T23:42:05","slug":"bts-effect-contributing-over-3-5bn-of-economic-value-to-the-korean-economy","status":"publish","type":"post","link":"https:\/\/asiaadvisory.co\/bts-effect-contributing-over-3-5bn-of-economic-value-to-the-korean-economy\/","title":{"rendered":"The “BTS Effect” contributing over $3.5Bn of economic value to the Korean Economy"},"content":{"rendered":"
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With the group announcing a break to enjoy their 20’s now is a good time to reflect on the contributions of the world’s most popular boy-band. <\/p>\n\n\n\n
BTS generated over $3.5Bn of economic value for the Korean economy in 2017 and is the reason 796,000 foreigners visit Korea annually according to the Hyundai Research Institute. <\/p>\n\n\n\n
The group is also responsible for contributing $1.1Bn worth of consumer goods exports for the Korean economy including clothing, cosmetics and food products, making up approx 1.7% of total consumer goods exports. <\/p>\n\n\n\n