From a very poor and a nation affected by a large number of wars, Korean has become one of the best economic and cultural centers of the world in the present times. The nation has shown a great interest in the process of exporting of its culture in the outer world through different forms such as music, television etc. In order to make it one of the largest exporters of the pop culture in the world, Korean government is spending a lot of money in the process of exporting its culture in the world.
Because of its Pop culture, it has gained a great image in the present times. It has also created such fame that the nation is gaining huge profits. The Korean wave has had a great impact on the economic conditions in the nation. The country which was regarded as one of the poorest nations in the world has now turned out to be an ideal place for living and has been creating a great per capita income for its people.
The current Korean wave in the world is completely different. In the small time of 15 years, it has made its culture famous in the entire world and is gaining huge profits from the same. A very small example is that on an average a Korean Band gets 1.5 times more hits on You Tube than any other popular band of other nations. Other than the impact on other nations, the research paper will also focus on the main economic reasons for the success of K-Pop. In addition to this, the sustainability of the Korean wave, with respect to the economic conditions will also be discussed.