What is the economic impact of South Korea's audiovisual industry?

The industry supports 291,100 jobs and generates ₩2.1 billion for every ₩1 billion earned, demonstrating a significant economic multiplier effect.

How have South Korean film and TV exports performed?

Exports of South Korean film and TV content have nearly doubled since 2019, reaching ₩1.8 trillion in 2024.

Why do global policymakers look to South Korea's success?

Policymakers worldwide are seeking to emulate South Korea's success, which is grounded in strong creative talent, evidence-based policy, and international collaboration.

Home / Arts and Entertainment / South Korea's Creative Exports Skyrocket

South Korea's Creative Exports Skyrocket

21 Apr

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Summary

Industry supported 291,100 jobs, generating ₩2.1B for every ₩1B earned.
South Korean film and TV exports nearly doubled since 2019 to ₩1.8T in 2024.
Global policymakers seek to emulate Korea's success in video content.

South Korea's Creative Exports Skyrocket

South Korea's audiovisual industry is a significant force in the national economy, supporting 291,100 jobs and creating a multiplier effect where ₩1 billion generated yields ₩2.1 billion elsewhere. The industry's global footprint has expanded dramatically, with film and TV exports nearly doubling since 2019 to reach ₩1.8 trillion in 2024.

International recognition of Korea's creative influence is growing, evidenced by K-pop's global appeal and hit shows like 'Squid Game'. Major studios, including Netflix and Disney, have significantly invested in local South Korean productions. This robust production ecosystem, largely composed of small and medium-sized enterprises, is becoming a model for other nations.