|
|
Article: S. KOREA TO SPEND US$90 MLN ON BOOSTING LOCAL POP MUSIC INDUSTRY.
- Article from:
- AsiaPulse News
- Article date:
- February 4, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SEOUL, Feb. 4 Asia Pulse - The South Korean government on Wednesday unveiled a 127 billion won (US$91 million) plan to prop up the country's pop music industry, which will include building two massive concert halls in Seoul by 2013.
The five-year plan is aimed at activating the home consumption of local pop music and globalizing the industry to increase exports, officials at the culture ministry said. The government hopes to increase the market size to 1.7 trillion won by 2013 from the current 844 million won, they said.
The Korean pop music industry has been suffering from record low sales since 2000 due largely to the spread of illegal ...