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  • ¼Ò¼Ó : Korea International School Jeju official club BERA (Business Economics Review Associates)
  • µî·ÏÀÏ : 2025.01.23
  • The Economic Power of K-Pop Idols

by Jaewon (Luke) Lee ¼Ò¼Ó: Korea International School Jeju official club BERA (Business Economics Review Associates) In recent years, K-pop idols have risen as cultural icons with enormous influence on consumer behavior and economic expansion, particularly within South Korea. With their immense popularity, these idols can drive product sales by over 200% simply through endorsements (Andreas Byberg, Jesper Hansen, Mario Basic, Imran Nazir 41). When an idol promotes a brand, it resonates deeply with their vast fanbase, who view these endorsements as trusted recommendations.

Beyond just sales, K-pop¡¯s influence significantly boosts the tourism sector. Major concerts and K-pop-related events attract millions of international tourists, funneling substantial revenue into local economies. For example, large-scale K-pop events can generate millions of dollars, benefiting hotels, restaurants, and businesses across South Korea (Korean Tourism Organization, 2023). This tourism influx not only creates jobs but also contributes to sustained economic growth, underscoring how cultural phenomena can drive substantial financial impact (Kim, 2024).

K-pop idols also foster highly engaged fan communities, which further shape consumer behavior. Through social media, fans can interact directly with idols, creating a sense of personal connection and loyalty (Jung & Lee, 2022). This relationship encourages collective purchasing behavior, as fans unite to support specific products or brands associated with their idols. Recognizing this trend, companies have started tapping into these passionate fan bases to amplify their marketing efforts, often finding success through K-pop idol endorsements that resonate strongly with consumers (Park, 2023).

In summary, K-pop idols are pivotal in influencing consumer habits and driving economic growth across various industries. As their global popularity continues to rise, businesses must adapt to leverage the economic potential of this cultural phenomenon. The enduring impact of K-pop is poised to redefine marketing and consumer engagement in an increasingly interconnected world.

Works Cited

Hunsinger, Jeremy. Interface and Infrastructure in Social Media. 30 Oct. 2013, pp. 13–25, https://doi.org/10.4324/9780203407615-7. Accessed 11 Nov. 2024.

Jenkins, Henry. ¡°26 Afterword: The Future of Fandom.¡± Fandom, 31 Dec. 2022, pp. 357–364, https://doi.org/10.18574/nyu/9780814743713.003.0030.

Jia, Bolin, et al. ¡°Transformation of Fan Culture under the Influence of Social Media.¡± Www.atlantis-Press.com, Atlantis Press, 24 Dec. 2021, www.atlantis-press.com/proceedings/ichess-21/125967353.

Morrison, Natasha. ¡°The Power of Fandom: What Social Media Marketers Can Learn from Teenage Fans.¡± Medium, 26 July 2021, medium.com/@goodrebels/the-power-of-fandom-what-social-media-marketers-can-learn-from-teenage-fans-63c0e184c8a7.

Sooah, Kim. ¡°The Dynamics of Fandom in the Age of Social Media.¡± Journal of Cybercommunication Academic Society, vol. 31, no. 1, 2014, pp. 45–94, www.kci.go.kr/kciportal/ci/sereArticleSearch/ciSereArtiView.kci?sereArticleSearchBean.artiId=ART001860279. Accessed 11 Nov. 2024.

¡°The Impact of Social Media on Fan Culture.¡± Www.linkedin.com, www.linkedin.com/pulse/impact-social-media-fan-culture-fansview.


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