Have you guys heard about that girl group called "Lo0na"? I was recently researching about them and the whole "company debt" issue because their company has supposedly spend more than 4 million dollars to promote them.
They're not even in one of the big three companies but they're record label is rumored to be more rich than Y-G, $M and JY-P. If you search about their company's connections, it is said that their company is being funded by a military base/the government which sounds super fishy.
Why would the government spend money on a girl group instead of creating hospitals and schools? Judging by how much money is being spent on this company's predebut project, they most be very sure that the group will be a success. What are they planning?
The Korean Wave (Hallyu) refers to the global popularity of South Korea’s cultural economy exporting pop culture, entertainment, music, TV dramas and movies.
Hallyu is a Chinese term which, when translated, literally means “Korean Wave”. It is a collective term used to refer to the phenomenal growth of Korean culture and popular culture encompassing everything from music, movies, drama to online games and Korean cuisine just to name a few. During former president Barack Obama’s state visit to Korea in March 2012, he made reference to the Korean Wave, which was made the country’s top priority by the government.
South Korea is one of the only countries in the world, if not the only one, that has a dedicated goal to become the world’s leading exporter of popular culture. It is a way for Korea to develop its “soft power”. Soft power is a popular term coined in 1990 by Harvard political scientist Joseph Nye. It refers to the intangible power a country wields through its image, rather than through hard force. Hard force refers to military power or economic power. An example of soft power in play is how the US enticed the world to buy its Levi’s jeans, Apple iPhones, Marlboro cigarettes, Coca-Cola soft drinks and Hollywood movies, by leveraging on a desirable image. A unique image of cool.
Hallyu first spread to China and Japan, later to Southeast Asia and several countries worldwide where it continues to have a strong impact. In 2000, a 50-year ban on the exchange of popular culture between Korea and Japan was partly lifted, which improved the surge of Korean popular culture among the Japanese. South Korea’s broadcast authorities have been sending delegates to promote their TV programs and cultural content in several countries.
Hallyu has been a blessing for Korea, its businesses, culture and country image. Since early 1999, Hallyu has become one of the biggest cultural phenomena across Asia. The Hallyu effect has been tremendous, contributing to 0.2% of Korea’s GDP in 2004, amounting to approximately USD 1.87 billion. More recently in 2014, Hallyu had an estimated USD 11.6 billion boost on the Korean economy.
Over the last two decades, South Korea has become very rich and very futuristic. In 1965, Korea’s GDP per capita was less than that of Ghana. Today, South Korea is the world’s 12th largest economy.
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And basically it's for the betterment of the country's economy.. Which i believe is not a good step..
