Finance as a driver of the global dreams factory: Spread of the Hallyu (or Korean Wave) and its consequences for the Korean economy

Amee Kim

Finance as a driver of the global dreams factory: Spread of the Hallyu (or Korean Wave) and its consequences for the Korean economy

Amee Kim

Research output: Contribution to conference › Paper

Abstract

The paper discusses the main role of the Korean entertainment industry as “global dream factories” based on their recognition of merging old and new technologies and financial strategies to improve their global competitiveness.

Secondly, the most important features of the Korean market which have led to the K-pop success, such as its strategies in dealing with intellectual property rights, will be discussed.

Thirdly, the paper investigates the techniques used to develop a sustainable K-pop market by improving K-pop celebrities’ skills development towards global art performance, while maintaining a strong focus on ‘Koreanness’. This combination of Western and Korean values appears an important tool in K-pop’s current success.

Lastly, the advantages and drawbacks of the involvement of conglomerates into Hallyu will be criticised, along with suggestions on how to avoid a similar evolution of the Korean wave as during the 1997 financial crisis.

Original language	English
Publication status	Completed - 31 Mar 2017
Event	The Ninth Critical Finance Studies Conference - Duration: 3 Jan 0001 → …

Conference

Conference	The Ninth Critical Finance Studies Conference
Period	3/01/01 → …

Keywords

Finance
Hallyu
Korean Wave
Entertainment industry

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Cite this

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title = "Finance as a driver of the global dreams factory: Spread of the Hallyu (or Korean Wave) and its consequences for the Korean economy",

abstract = "The paper discusses the main role of the Korean entertainment industry as “global dream factories” based on their recognition of merging old and new technologies and financial strategies to improve their global competitiveness. Secondly, the most important features of the Korean market which have led to the K-pop success, such as its strategies in dealing with intellectual property rights, will be discussed. Thirdly, the paper investigates the techniques used to develop a sustainable K-pop market by improving K-pop celebrities{\textquoteright} skills development towards global art performance, while maintaining a strong focus on {\textquoteleft}Koreanness{\textquoteright}. This combination of Western and Korean values appears an important tool in K-pop{\textquoteright}s current success. Lastly, the advantages and drawbacks of the involvement of conglomerates into Hallyu will be criticised, along with suggestions on how to avoid a similar evolution of the Korean wave as during the 1997 financial crisis.",

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AB - The paper discusses the main role of the Korean entertainment industry as “global dream factories” based on their recognition of merging old and new technologies and financial strategies to improve their global competitiveness. Secondly, the most important features of the Korean market which have led to the K-pop success, such as its strategies in dealing with intellectual property rights, will be discussed. Thirdly, the paper investigates the techniques used to develop a sustainable K-pop market by improving K-pop celebrities’ skills development towards global art performance, while maintaining a strong focus on ‘Koreanness’. This combination of Western and Korean values appears an important tool in K-pop’s current success. Lastly, the advantages and drawbacks of the involvement of conglomerates into Hallyu will be criticised, along with suggestions on how to avoid a similar evolution of the Korean wave as during the 1997 financial crisis.

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KW - Entertainment industry

M3 - Paper

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ER -

Finance as a driver of the global dreams factory: Spread of the Hallyu (or Korean Wave) and its consequences for the Korean economy

Abstract

Conference

Keywords

Access to Document

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Cite this