This assessment task invites you to explore the startling global success of Korea’s pop music industry in recent years as well as address trends and debates in global music markets.
Write ONE individually researched 500-word case study analysis investigating the business model of Korea’s pop music agencies.
In exploring this case, you should outline the competitive strength of Korea’s pop music industry in the global music market.
What does your analysis tell us about the likely viability of Korea’s pop music business model over a long period of time?
Based on your analysis, provide (a) clear and compelling recommendation(s) (e.g. theoretical and/or practical implications, limitations, future directions) for Korea’s pop music agencies to sustain competitiveness in the industry.
Please use a journalistic writing style similar to that used for news reporting in media such as newspapers, radio and television.
Offer relevant evidence to support your point of view or opinion.
Make consistent use of thorough referencing and clear bibliographic detail.
IMPORTANT – maximum 500 words (100 for introduction, 300 for body and 100 for conclusion). 8 paragraphs.
K-pop is a mixture of the East and West music. The K-pop artists are mostly Korean and their preferred dance style, coupled with their complex combination of winks and hand movements, have an Asian zest (Seabrook 2012). Despite the fact that K-pop music has only recently reached the global market, its popularity is undeniable (Matsumoto 2017). Similarly, the K-pop music is equally popular globally. For example, ‘Gangham Style’ was the most watched video on YouTube for five years, with close to three billion views (Jones 2017). Despite, the cultural and language barriers, the music has managed to infiltrate the global market successfully.
Business Model of K-pop Agencies
The political realignment of Korea and the withdrawal of strict restrictions led to the emergence of young Koreans, who wanted to experiment the incorporation of Western styles in their traditional dancing styles. Some of the factors that resulted in the success of K-pop are as follows.
Digital Distribution The most important factor in the growth and increased global popularity of K-pop was the digitization of the music industry (Oh and Lee 2014, p. 105). With this emergence, most people now accessed music through the internet rather than through the traditional means such as radio and television. By distributing the music through channels like YouTube…