Does BTS Bring in More Money to South Korea than KIA or Samsung?

RM, Jin, Suga, J-Hope, Jimin, V, and Jungkook are seven songwriters and actors. With the help of their ARMY, however, they are one of the largest boy bands in the world. Here’s what we know about BTS revenues and their impact on South Korea’s GDP.

BTS is one of the largest boy bands in the world

They started out at a small label and are now one of the biggest boy bands in the world, winning Billboard No. 1 songs. 1 on the Hot 100 Record, as well as Grammy nominees and MTV Video Music Award winners.

They break records with their music videos, earning millions of plays on every YouTube clip. These actors also have a powerful and supportive fan base.

Each member earns millions for the award-winning songs and for playing in a stadium. Thanks to their ARMY, these images generate tourism and revenue for the country as a whole.

LOVE: Is Jungkook the last BTS Ball to create a solo song? Here’s what we know about ‘Still With You’ and the Mixtapes of these K-Pop images

BTS helped increase tourism to South Korea

With pop-up shops, live concerts, and several music video venues across the country, it’s no surprise that some international BTS fans are traveling to South Korea. In fact, thanks to BTS, South Korea has seen a huge increase in tourism as of 2019, according to Businessman.

“It is reported that 800,000 tourists chose South Korea as their travel destination because of BTS,” the article said. reading. “Their popularity has increased the attractiveness of South Korean products, such as clothing, cosmetics, and food. EBay in particular saw an increase in merchandise sales thanks to BTS. EBay Korea reported in April 2019 that sales had risen more than 50% since the previous April. ”

BTS attends Dick Clark’s New Year’s Eve with Ryan Seacrest 2020
Suga, V, Jungkook, RM, Jimin, Jin, and J-Hope of BTS will attend Dick Clark’s New Year’s Eve with Ryan Seacrest | Astrid Stawiarz / Getty Images for Dick Clark Productions

LOVE: Jimin From BTS finally puts the ‘Dumpling Incident,’ mentioned during ‘The Late Late Show With James Corden,’ to rest

BTS earns enough money for South Korea and its tourism

They may be a South Korean boy band, but these boys make a lot of money from their ARMY. According to a 2018 company revenue analysis from Statista, BTS accounts for .3% of South Korea ‘s GDP, racking in more than $ 4.5 billion dollars that year.

That puts this K-pop group “in the same league” with companies like Samsung, KIA, and LG. For comparison, Korean Air, which generated revenues of $ 11.65 billion, accounted for 0.7 percent of GDP. Hyundai added about 5% in the same year.

It is largely as a result of this contribution that some BTS members have been temporarily suspended. (The oldest BTS idol, Jin, was originally scheduled to take a break from the group after his 2020 birthday.)

The music video “Dynamite” is now available on YouTube. Music by BTS, including their recently released album, Soul map: 7, available for streaming on Spotify, Apple Music, and most major platforms.

Scroll to Top