BTS estimated to have 1.2 trillion KRW impact with one full group concert following SUGA's military discharge, report
BTS to have trillions of KRW worth impact with a single concert in 2025?
A recent report from the Korea Culture and Tourism Institute revealed that the economic impact created by a single BTS concert could amount to as much as 1.2 trillion KRW. It is a massive amount, given that the group's last full-group concert was in October 2022. Furthermore, projections indicate that the group's anticipated annual sales could reach approximately 1.87 trillion won.
It highlights the immense ripple effect they can produce with a single musical comeback or concert. The estimated figures are derived from a previous analysis conducted when the English single Dynamite topped Billboard's primary single chart in 2020. At that time, the Ministry of Culture, Sports and Tourism, in conjunction with the Korea Culture and Tourism Institute, calculated the economic impact to be roughly 1.7 trillion KRW.
Meanwhile, the American economic publication Forbes estimated that BTS's yearly contribution to South Korea's GDP amounts to approximately 4.65 billion USD, equivalent to around 5 trillion KRW. Furthermore a late 2018 report from the Hyundai Research Institute valued BTS's yearly economic contribution at more than 4 trillion KRW, comparable to the economic output of 26 medium-sized firms.
Breaking down the figures, the institute estimated the production-induced impact at 4.14 trillion KRW and the value-added effect at 1.42 trillion KRW. Notably, this economic contribution represents about 0.3% of South Korea's GDP.
BTS' 2025 full-group reunion and activities
The entertainment industry is currently abuzz with speculation regarding the potential announcement of BTS' group activities. Many fans feel that a world tour might precede the release of new music, potentially including the group's solo hits and fan favorites in the setlist. During then the boy band is also expected to be preparing for a brand-new full-length album, their first since the 2022 compilation album Proof.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Pink Villa
14 minutes ago
- Pink Villa
BTS debuts PERMISSION TO DANCE ON STAGE – LIVE on Billboard 200, Jungkook‘s SEVEN reigns on Global 200, Global Excl US
BTS' return from the military was joyous for their fandom! Right as the members all officially reunited following the completion of SUGA's- the last member to discharge- military service. The team dropped their first live album, PERMISSION TO DANCE ON STAGE – LIVE, which was recorded over the many concerts of their famed and sold out Permission to Dance tour back in 2021 and 2022. Now the album has debuted on the Billboard 200 chart, which measures a record's sales and streams across the US. Entering the chart at No. 10 on its Top 200 Albums chart, the group has once again proven its mettle. BTS charges ahead with PERMISSION TO DANCE ON STAGE – LIVE ahead of comeback album in 2026 With this record, BTS has become the K-pop artist with the most top 10 albums on the Billboard 200 list. Previously, the group tied with teams TWICE, ATEEZ, and SEVENTEEN, who have seven albums each on the chart. Meanwhile, alongside PERMISSION TO DANCE ON STAGE – LIVE, the group has previously charted Love Yourself: Her, Love Yourself: Tear, Love Yourself: Answer, Map of the Soul: Persona, Map of the Soul: 7, BE and Proof (in the order of their release). Recorded over the span of the week from 18-24 July, the group is said to have sold 43,000 equivalent album units. While the team has been doing fabulously, things have not been too bad for their youngest, and who is believed to be the next pop star that the world was waiting for- Jungkook. His debut solo track SEVEN, which took over the hearts and minds of his fans and listeners, has been charting on Billboard's Global 200 for 104 consecutive weeks following its release in July 2023, with its latest mark being at No. 156. Moreover, the song continues to rank on the Global Excl. U.S. chart, completing its 105th week on it.
Time of India
17 minutes ago
- Time of India
Messi's wife Antonela Roccuzzo is richer than you think: Argentinian model's eye-watering fortune revealed
Lionel Messi and his wife Antonela Roccuzzo recently got the Coldplay spotlight and were briefly serenaded during a concert in Miami. Messi and his wife attended the show at Hard Rock Stadium, and found themselves in the spotlight – far from that one viral Coldplay moment. Coldplay frontman paid a heartwarming tribute to the Football legend by singing, "Well, Leo, my beautiful brother. You and your wife are looking so fine." "Thanks for coming today, to see our band play. The No. 1 sports person of all time." Explore courses from Top Institutes in Please select course: Select a Course Category others Leadership CXO Public Policy Design Thinking Technology healthcare Digital Marketing Cybersecurity Degree Product Management Project Management Data Science MCA Management PGDM Data Analytics Artificial Intelligence Operations Management MBA Data Science Others Healthcare Finance Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Though Messi doesn't speak English, he appeared to under Martin's tribute and smiled, waved and clapped in response with his arm around his wife. They attended the concert with their three sons Thiago, Mateo, and Ciro. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Messi's wife Antonela Roccuzzo also stole the spotlight as the couple got a special shout-out during Coldplay's final US show. ALSO READ: Messi, his wife Antonela Roccuzzo steal spotlight on 'kiss cam' at Coldplay Miami: 'He didn't hide, though' Who is Messi's wife Antonela Roccuzzo? Antonela Roccuzzo is a 34-year-old Argentinian model and businesswoman and her fame stems from her marriage to the renowned footballer Lionel Messi. She is from Rosario, Argentina's third largest city, and was raised in the same area as Messi. Live Events According to Cosmopolitan, Messi and Roccuzzo have known each other since childhood- thanks to Antonela being the cousin of Lionel's childhood bestie (and fellow soccer player) Lucas Scaglia. They even grew up in the same hometown of Rosario. Messi later on moved yo Barcelona to pursue his soccer career but the two stayed in touch throughout their teen years. Lionel even reportedly flew back home to support Antonela in 2005 when her best friend tragically died in a car accident, according to the report. ALSO READ: New Covid variant symptoms seen in US amid surge in summer wave: Check symptoms and states at the highest risk In 2009, Lionel Messi and Antonella Roccuzzo confirmed their relationship in an interview before they made it official. The two were married in a grandiose wedding in their hometown of Rosario in 2017, which was dubbed 'Argentina's wedding of the century' by the media. The couple now has three sons, Thiago born 2012, Matteo born 2015, and Ciro born 2018, all of whom are apparently football enthusiasts; Thiago, their eldest, is said to be following in his father's footsteps, as he is currently training with the youth team of Paris Saint-Germain, according to Grazia magazine. In a heartfelt tribute to Lionel Messi, Antonela Roccuzzo expressed her overwhelming joy at his role in Argentina's historic FIFA World Cup 2022 victory. She began her emotional post with, 'I don't even know how to start,' going on to praise Messi's unwavering determination and refusal to give up, no matter the odds. She ended her message with powerful words: 'It's finally done; you are a world champion. We know everything you've endured over the years, and what you've managed to achieve now!!! Let's go, Argentina!' ALSO READ: 'Made me a meme': Ex-Astronomer CEO Andy Byron to sue Coldplay over viral kiss cam controversy. Chris Martin reacts Antonela Roccuzzo's net worth According to Celebrity Net Worth, Antonela Roccuzzo is an Argentine social media personality and model who has a net worth of $20 million. Antonela Roccuzzo first gained public recognition in 2009 when she announced her relationship with football star Lionel Messi. As an influencer, Roccuzzo models for fashion brands and serves as an ambassador for a number of philanthropic groups, including UNICEF and the Special Olympics. ALSO READ: Julian Brown missing: Atlanta inventor posts disturbing social media post before his 'disappearance'. Who is he? In 2016, Antonela Roccuzzo signed a modeling deal with Argentine fashion brand Ricky Sarkany, and by the following year, she launched a boutique for the label in Barcelona. Since then, she has modeled for major global names including Alo Yoga, Adidas, and Stella McCartney. With a social media following of over 40 million on Instagram, Roccuzzo has cemented her status as a powerful influencer. Leveraging her platform for good, she also serves as an ambassador for several philanthropic causes, including UNICEF and the Special Olympics.
Time of India
35 minutes ago
- Time of India
Aircraft crashes to regulatory hurdles: Despite several challenges, Boeing may be benefitting big from Donald Trump's trade war
The US aerospace giant has globally been in the news for all the wrong reasons. US President Donald Trump's trade war seems to be benefitting one aviation sector giant in America - Boeing! As Trump seals trade deals with countries around the world, he is also bringing in deals, and Boeing is reaping the rewards. Boeing is bagging new orders through these trade deals which could prove advantageous for the company as it recovers from recent difficulties, according to a New York Times report. Additionally, these deals enable Trump to demonstrate the effectiveness of his distinctive trade strategies in supporting American industry. Boeing's Recent Troubles The US aerospace giant has globally been in the news for all the wrong reasons - the biggest being the recent crash of Air India 's AI-171 aircraft which was a Boeing 787 Dreamliner. Investigations on the cause of the crash, which killed all but onboard, are ongoing. Additionally, Boeing faces critical challenges before it can convert its new orders into revenue. The manufacturer lags significantly in obtaining regulatory clearance for key aircraft models, including both the smallest and largest versions of the 737 Max, as well as the 777-9, which initiated FAA certification test flights twelve months ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mini House for 60 sqm for Seniors with Toilet and Bath (Price May Surprise You) Pre Fabricated Homes | Search Ads Search Now Undo Boeing's operational difficulties have created significant setbacks. Following two tragic crashes, its bestselling 737 Max was suspended from service for approximately 24 months. A recent Reuters report quoted FAA Administrator Bryan Bedford saying that Boeing hasn't requested the removal of the 38-plane monthly production limit for 737 MAX aircraft. The agency will conduct a thorough assessment of the manufacturer's supply chain before reaching any conclusions. The production restriction was established by the FAA following a January 2024 incident where an Alaska Airlines 737 MAX 9 aircraft experienced an emergency situation mid-flight due to missing crucial bolts. In June this year, The National Transportation Safety Board issued a stern critique regarding Boeing's inadequate safety measures, which led to the cabin panel blowout incident on a 737 MAX 9 aircraft in January 2024. The incident triggered a significant crisis for the aircraft manufacturer. According to a Reuters report, the safety board delivered a scathing assessment of Boeing's safety protocols and highlighted the company's oversight failure in installing four crucial bolts during the production of an Alaska Airlines MAX 9. Meanwhile, Boeing's suppliers may face financial strain due to Trump's imposed tariffs, whilst potential retaliatory measures from trading partners, particularly the European Union, could adversely affect the aircraft manufacturer's business. Boeing New Order Book Industry experts suggest that the trade agreements could lead to additional orders, as potential buyers might feel compelled to secure their positions now to avoid future delays. Aircraft ordered at present will be delivered in subsequent years. Recent announcements include orders for numerous Boeing aircraft from Indonesia and Japan this month, following earlier agreements with Bahrain, the United Arab Emirates, Saudi Arabia and Qatar. However, aviation industry experts express doubt about the necessity of US trade negotiators' intervention in securing Boeing aircraft orders. The procurement of aircraft involves meticulous planning by airlines, including state-owned carriers, spanning several months to years. The limited choice between Boeing and Airbus, the sole manufacturers of large commercial aircraft, further influences purchasing decisions. Nevertheless, analysts acknowledge the strategic emphasis placed by Trump's administration on Boeing contracts within trade agreements. This focus aligns with Boeing's significant role as a major American employer and prominent export contributor. The financial markets have responded positively to the new order announcements, with Boeing's stock value showing consistent growth since April, coinciding with Trump's introduction of tariffs. The company's CEO Kelly Ortberg accompanied Trump during his Middle East visit in May when the Qatar agreement was disclosed. "If the president of the country says, 'Come with me and be certain that we sign something big that says there will be many jobs in the US,' what will you do?" said Adam Pilarski, president of Avitas, an aviation consulting firm, according to the New York Times report. However, Pilarski and additional industry specialists advised that these orders might not be as significant as they appeared. Trump's Role Overstated? The specifics of these agreements remain largely undisclosed, indicating ongoing complex discussions between the aircraft manufacturer and various airlines. A case in point from this month shows Trump's announcement of Indonesia's commitment to 50 Boeing aircraft, whilst an Indonesian official later clarified that negotiations were still ongoing between Garuda, their state carrier, and Boeing. "I suspect these orders are, as we used to joke at air shows, MOUTHLs — memoranda of understanding to have lunch," said Richard Aboulafia, a managing director at AeroDynamic Advisory, a consulting firm. "The real hard work of contract negotiation and finance package negotiation takes place after the president's plane has left the country,' he said according to the New York Times report. Industry analysts suggest that many of these orders would likely have materialised regardless of Trump's involvement. In May, Qatar Airways, a significant international carrier, confirmed a substantial order of 150 Boeing wide-body aircraft. This particular announcement was notably comprehensive in its details. Whilst political influence may drive some orders, circumstances can shift substantially before aircraft delivery. Both Boeing and Airbus maintain extensive order books spanning multiple years of manufacturing. Airlines retain the option to withdraw from agreements, albeit potentially losing deposits. Additionally, carriers can request delivery postponements or order reductions. Manufacturers might accommodate such adjustments, particularly if it enables them to redirect aircraft to other airlines with urgent requirements for new aircraft. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
