It’s a well-known fact that BTS is creating a global sensation, but what happens when the popularity of the K-POP boy group determines the future of the music industry as a whole? Not a shock, BTS recorded a total of 40 billion won ($ 32.1 million) in a four-day concert for “permitting dance on stage” in Las Vegas. The concert was only four days long, which was added to the first $ 33.3 million box score at SoFi Stadium in Los Angeles in December 2021.
Reports also suggest that BTS turned the entire city of Las Vegas purple and effectively renamed it “Borahaegas.” BTS’s “The City” event has become a huge fan event for ARMYs around the world to celebrate BTS, unlike the musical activities that took place before the septet. Analysts are now BTS as such a great record has been added to BTS’s insane sales force, including a total of 100 billion won ($ 80 million) for a three-day Seoul concert at “PT Don Stage” in March. Is exploring the possibility of affecting the world economy. Mainly from South Korea.
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BTS has a positive impact on the Korean economy
BTS concerts represent the economic spillover effect of buying, as more than 200,000 ARMYs from around the world are attending BTS Las Vegas concerts, despite the ongoing Covid pandemic that has almost destroyed the entire world economy. Created by the group, which comes as a benefit to show an example. BTS has 2,000 BTS from revenues of 40 billion won ($ 32.1 million), which combines four sold-out shows, merchandise sales and online streaming, and revenues from fans who stayed at hotels or consumed various entertainment alone. We plan to record 100 million won ($ 160 million).
This not only helps BTS recover the economy of countries like the United States and South Korea from the Covid pandemic, but also plays an important role in attracting foreign tourists to their performance cities. Means This has proven to be very beneficial for further spreading the Korean wave (Korean wave) to the world market. Analysts said BTS’s final military enlistment was economical for the Korean economy, as BTS reportedly played a vital role in resuming and resuming the domestic entertainment, culture and tourism industry. Claims that it can be a loss.
What happens when BTS participates?
The report addressed questions such as what the future holds for South Korea in terms of the end of the pandemic and BTS’s excellent performance in terms of international funding. Analysts believe that if BTS holds a concert at the same height as a Las Vegas concert, millions of fans from all over the world will visit South Korea and benefit all sectors of South Korea.
According to a study released by the Center for Cultural Industry Research of the Korea Institute of Culture and Tourism, it is reported on April 20 that BTS is expected to hold such a concert in Korea now, reaching up to $ 619.7 billion. rice field. From won ($ 497 million) to 1.2207 trillion won ($ 803 million) per show. According to this calculation, if BTS will perform 10 times a year, South Korea is expected to earn 12.26 trillion won a year.
This looks very fun, but there are many factors that contribute to this analysis. However, analysts are also considering the possibility that South Korea will seize opportunities with such economic benefits if BTS participates. BTS is the most popular in history so far, but if members start enlisting one by one, the group will remain incomplete for a long time, and if members choose to join together, BTS Faces a full two years, if inactive, ultimately diminishes its global impact. However, both cases have a negative impact on South Korea.
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