How much do K-pop fans spend?

In a survey conducted in 18 countries in 2020, respondents stated that they spent an average of around 11 U.S. dollars on South Korean pop music (K-pop) content per month, an increase from around 7.50 U.S. dollars the previous year.

How much are K-pop fans?

The US$5 billion K-pop industry has gone global. The Korean Ministry of Foreign Affairs estimates there are about 1,835 K-pop fan clubs across 98 countries - with 104 million members.

How much do K-pop Stans spend?

As K-pop continues to grow to become a mainstream genre all around the world, a new report reveals how much superfans spend on their stans. According to a study conducted by e-commerce aggregator iPrice Group, some fans have spent $1,422 USD on average on official merch, albums, concerts and more.

How much do K-pop fans spend on merchandise?

K-pop fans know this feeling way too well. According to new research done by iPrice, K-pop fans can spend well over USD 1,000 for their favourite idols' merch, albums, and concert tickets. The BTS ARMY leads the pack, spending USD 1,422 on average.

What do K-pop fans buy?

Photo cards are one of the most popular K-pop merchandise. Almost every album offers a special collectible photo of a group member. Some fans usually want a complete set. Therefore, they buy multiple albums to collect them or buy them from online resellers.

K-pop fans talk about how much they’ve spent on merch

How do BTS members spend their money?

Business Insider reports that the BTS members have some big assets. Even though they all live together, some of them have their own apartments. Jin reportedly spent $1.7 million in cash on his apartment. J-Hope spent $1.6 million, Jungkook reportedly spent $1.74 million and Suga spent $3 million on his own apartments.

What is the average cost of a K-pop album?

KPop albums can be fairly expensive, ranging from $25-$50 on average.

Why do K-pop fans buy merch?

Not only has their soothing tunes served as doses of dopamine, but some fans also gain comfort from collecting merchandise of their idols. Especially in this point in time where artists are unable to go on tour, a large portion of their income hail from merchandise sales.

How much money does the K-pop industry bring to Korea?

Not only did the popularity of musical groups increase, but the economy of South Korea also improved. Professor Kim Seiwan from Ewha Womans University says that based on official estimation, K-Pop generates about $10 billion for the country each year.

How many K-pop fans are there in Korea?

According to a survey published by the Korea Foundation in cooperation with 152 overseas missions on Thursday, the number of Korean Wave fans recorded 156.6 million as of December last year. A total of 116 countries were surveyed for the latest report...

What do K-pop fans do?

K-pop fandom involves much more than buying merchandise or attending concerts – fans are cultural producers themselves. They run fan sites, create self-designed band merchandise and produce fan chants: lyrics shouted out during performances at collectively agreed points of the song.

How much fans do BTS have?

A few sources claim that the group has over 90 million fans worldwide, based on their social media accounts. As per Guinness, the K-pop artists surpassed 60.2 million Instagram followers last month, making them the platform's most-followed musical group.

Which country has the most K-pop fans 2021?

According to Twitter data released this week, the Philippines emerged as the third country with the most number of K-pop fans in 2021. No. 1 on the list was Indonesia, followed by Japan. Indonesia also topped the list for the most number of K-pop-related tweets for the second consecutive year.

Who is the strongest fandom?

BTS' worldwide number of fans of millions of adoring fans, dubbed ARMY (Adorable Representative MC for Youth), is strong enough to make significant waves — and help members break music business benchmarks. Yes, the answer is BTS, they have the most powerful fandom in the world in 2020.

What does BTS Bighit pay?

Thanks largely to those touring revenues, the members of BTS earned a combined $50 million between June 2019 and June 2020 and roughly $7 million per member.

What is the dark side of K-pop industry?

With countless hours of work and practice, harsh expectations and criticism from netizens, and colossal amounts of pressure put on them by their companies, certain idols have gone as far as taking their own lives, deciding that this so-called “perfect and glamorous” life wasn't worth it, according to People.

How much is BTS economy to Korea?

According to Statista's analysis of 2018 company revenues report, BTS' contribution to South Korea's GDP is almost comparable with Korean Air. According to an updated report in 2019, the overall economic effect of BTS is 5.56 trillion won per year to South Korea which is around $4.9 billion (as of 2019).

Who is Prince of K-pop?

SHINee is a South Korean boy band known for their musical impact thanks to their many accolades and their title as the “Princes of K-pop.”

Is it okay not to buy K-pop albums?

Not a waste at all! Some people prefer to just download their music, but many others choose to buy albums for several reasons (and this doesn't just apply to K-pop, but all music in general): Supports the artist. Buying albums show a direct way to support the artist, especially K-pop groups.

What is merch ban in K-pop?

There's really no such thing as a “merch ban” or buying break for K-pop fans. In a year, most active K-pop groups have at least one or two “comebacks.” And each comeback always equates to a new collection of merchandise – albums, photocards, posters, magazines, or concert goodies.

How much does a BTS album cost?

₹7,390.00 FREE Delivery.

How much does making a MV cost?

Music video production costs can easily range from $20,000 – $1M or more, but the typical budget is far below that. Many artists are able to produce quality music videos in the $2,000 – $20,000 range. Budget directly affects the end result.

How much does it cost to make a K-pop MV?

The average k-pop video costs easily two or three times as much as the average major label western music video, and the average major label western music video costs between $50k and $150k.

Who is poor in BTS?

actually, aside from Yoongi, Jimin's family was the poorest in BTS before their debut.

Does BTS pay for their clothes?

But according to local media, BTS members allegedly "personally purchase the outfits that they want to wear" and do not accept sponsorships. "BTS has been known to buy their own clothes for the stage until now," says the Korean founder of Styleintelligence, Haesoon Jung.