Skip to content
BTS LIVE

News and Entertainment

  • Home
  • BTS News
  • BLACKPINK Diary
BTS LIVE

News and Entertainment

  • Home » 
  • BTS News » 
  • BTS will earn 10 billion USD per year if…

BTS will earn 10 billion USD per year if…

By army999 21/04/2022
Table of Contents

An analysis shows that an economic impact of up to 12.2 trillion won ($9.9 billion) can be expected if BTS performs 10 times a year in South Korea.

On April 20, the Korean Institute of Culture and Tourism announced on the 20th that “If BTS normally holds a concert in Korea in the post-Covid-19 era, the economic ripple effect will reach from 677.6 billion won ($550 million) to 1.22 trillion won ($989 million) for one performance.”

This estimate is the result of the Cultural Tourism Research Center’s analysis of the economic impact of concert tickets and planned product sales, tourist consumer spending, and more. schedule, transportation costs and accommodation costs of foreign tourists.

To reflect the consumption situation after Covid-19 ended, the Cultural Tourism Research Institute presented the economic ripple effects for each scenario according to the proportion of foreign tourists.

If the percentage of foreign tourists increases to 50%, the demand for each BTS performance will be 742.2 billion won ($600 million), product consumption will be 1.22 trillion won ($989 million). ) and the value added effect is 570.6 billion won ($463 million) and the number of staff for these concerts is 18,815 people.

For analysis, the Institute of Culture and Tourism mentioned BTS’ concert in Los Angeles at the end of 2021 and the concert in Seoul in March 2022.

The Cultural Tourism Research Institute explains: “The range of changes in the proportion of inbound tourists based on internal company data shows that more than 70% of people attended BTS concerts in LA last year. from other states. California or abroad”.

In the case of BTS holding a concert in Seoul, considering that only 15,000 spectators attend each day due to quarantine measures, the number of spectators is calculated based on 65,000 people.

“This analysis used BTS concerts as an example, but it shows that holding K-pop concerts can have a huge impact on South Korea’s economy,” the team said. Country.

So I hope that we will be able to get through the Covid-19 pandemic more quickly by improving related areas like culture and tourism, starting with the popular music performance industry.”

Share
facebookShare on FacebooktwitterShare on TwitterpinterestShare on Pinterest
linkedinShare on LinkedinvkShare on VkredditShare on ReddittumblrShare on TumblrviadeoShare on ViadeobufferShare on BufferpocketShare on PocketwhatsappShare on WhatsappviberShare on ViberemailShare on EmailskypeShare on SkypediggShare on DiggmyspaceShare on MyspacebloggerShare on Blogger YahooMailShare on Yahoo mailtelegramShare on TelegramMessengerShare on Facebook Messenger gmailShare on GmailamazonShare on AmazonSMSShare on SMS
Post navigation
Previous post

The Return Of BTS Concerts In Korea Could Bring Over 1 Trillion KRW To South Korea’s Economy

Next post

Jungkook BTS is ‘acclaimed’ when using fashion to support the LGBTQIA community +

army999

army999

Related Posts

Categories BTS News BTS will earn 10 billion USD per year if…

Korean netizens grow weary of yet another dating rumor about BTS’s V

Categories BTS News BTS will earn 10 billion USD per year if…

BTS's V (Kim Taehyung) drives explosive growth for 'Compose Coffee' app, adding 8.3 Million subscribers

Categories BTS News BTS will earn 10 billion USD per year if…

Kyungmin & Dohoon of TWS cutely try leaving a comment on BTS V's Weverse Moment and fail

Categories BTS News BTS will earn 10 billion USD per year if…

IVE top K-Pop idol brand value rankings for September, dethroning BLACKPINK

Categories BTS News BTS will earn 10 billion USD per year if…

Jennie, V, J-Hope, and RM attend Tyler, The Creator’s sold-out 'CHROMAKOPIA TOUR' in Korea

Categories BTS News BTS will earn 10 billion USD per year if…

CORTIS fans say BTS fan shouldn't leave comments labeling the group as "BTS's little brother"

Categories BTS News

Korean netizens grow weary of yet another dating rumor about BTS’s V

19/09/2025

BTS's V (Kim Taehyung) drives explosive growth for 'Compose Coffee' app, adding 8.3 Million subscribers

18/09/2025

Kyungmin & Dohoon of TWS cutely try leaving a comment on BTS V's Weverse Moment and fail

18/09/2025

IVE top K-Pop idol brand value rankings for September, dethroning BLACKPINK

18/09/2025

Jennie, V, J-Hope, and RM attend Tyler, The Creator’s sold-out 'CHROMAKOPIA TOUR' in Korea

16/09/2025
Copyright © 2025 BTS LIVE - Powered by Bangtan Colorful.
Offcanvas
  • Home
  • BTS News
  • BLACKPINK Diary