Tuesday, September 28, 2021

BTS is moving South Korea’s economic needle News

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Jung Yeon-Je/AFP via Getty Images

Jung Yeon-Je/AFP via Getty Images

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People walk past a poster showing members of the K-pop group BTS in Seoul on October 12, 2020. It’s one of the most popular bands in the world, with an extremely devoted fan base.

Jung Yeon-Je/AFP via Getty Images

How do these seven Korean men generate about half a percent of the entire South Korean economy? No, it isn’t the boxes and boxes of hair dye BTS members must go through.

The answer: They do it through their intensely devoted fans.

The band drives enormous sales for partnerships with brands like Louis Vuitton and McDonald’s; they drive a ripple effect of Korean cultural learning and enormous charitable donations.

NPR’s The Indicator from Planet Money went searching for what’s behind the world-conquering k-pop band’s massive influence. They found it all comes back to the symbiotic relationship between BTS and their fanbase, called ARMY.

Click here to listen to or read the full episode. Come for the fascinating analysis of how BTS moves the economic needle, stay for a very original cover of “Butter” by The Indicator team.

And if you need a “Spring Day” rendition to get you through this Thursday, we’re partial to this Tiny Desk version.

This story originally appeared on the Morning Edition live blog.

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