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Value of music industry exports from South Korea 2005-2018

In 2018, the export value of the music industry in South Korea amounted to about 564 million U.S. dollars.

K-pop

The major export in the South Korean music industry is K-pop. Korean pop music has been increasingly popular all around the world. In 2019, around 37.5 percent of respondents in a survey conducted in 17 countries all around the world stated that K-pop was “very popular” in their country. The most popular K-pop stars worldwide were the boyband BTS.

Music in South Korea

While K-pop is known for being successful outside South Korea’s borders, South Korean music also very popular inside its borders. In a survey, around 83.6 percent of respondents that their preferred music was South Korean music. A survey in 2019 found that around 63.7 percent of South Koreans mainly obtained their music via online streaming, compared to downloading or purchasing a physical copy. The most frequently used music streaming service was Melon. Melon is a service launched by SK Telekom in 2004 and is currently owned by Kakao M.

Value of music industry exports from South Korea from 2005 to 2018

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Sources

Release date

June 2020

Region

South Korea

Survey time period

2005 to 2018

Supplementary notes

Figures have been rounded.

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Statistics on "Music industry in South Korea"

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