A fan presents for a photo outside the Stade-de-France arena in Saint-Denis, on the outskirts of Paris, on June 7, 2019, prior to a performance of the South Korean K-pop kid band BTS. (AFP/Geoffroy van der Hasselt).
K-pop powerhouses on Friday took part in a roundtable conference with Culture Minister Park Yang-woo, talking about the financial problems they deal with due to the ongoing spread of COVID-19
The conference, hosted by the Culture Ministry, in addition to listening to the difficulties home entertainment companies face, was planned to set the agenda for broadening the Korean Wave in the post-coronavirus period.
Eight senior executives of K-pop business including S.M. Home entertainment, JYP Home Entertainment, Success Home Entertainment, FNC Home Entertainment and Starship Home entertainment participated in the meeting.
The K-pop companies especially highlighted troubles stemming from show cancellations, the ministry said.
YG Entertainment validated Sunday that it had actually canceled numerous performances, consisting of Winner’s 3 shows in Singapore and Korea in February and concerts in eight Korean cities by brother or sister singing duo AKMU in February and March.
” From February on, all the performances were canceled (due to COVID),” a YG Home entertainment official told The Korea Herald.
With the scenario no different for other entertainment companies like S.M. Home entertainment, JYP Home Entertainment and Success Home entertainment, the firms asked the Culture Ministry to supply specific standards for holding offline performances throughout the 2nd half of this year.
In action, the ministry stated that it is presently evaluating some of the measures that would allow the business to hold small performances in 4 cities outside of Seoul– Gangneung in Gangwon Province, Jeonju in North Jeolla Province, Mokpo in South Jeolla Province and Andong in North Gyeongsang Province– that were picked as tourist centers. The Culture Ministry stated they will make the final decision after conversations with the Korea Centers for Illness Control and Avoidance.
Some home entertainment companies also asked the government to create a separate fund to support businesses connected to Korean popular culture throughout the conference, the ministry said.
Park also recommended methods to support the K-pop industry’s growth such as federal government aids, tax incentives, and the loosening of regulations related to the export of home entertainment products.
” We will actively supply policy assistance to K-pop market so that it can become the culture company that represents Korea,” Park said.
Park likewise applauded 2 effective online concert cases– SM Home entertainment’s “Beyond Live” and Big Hit Entertainment’s “Bang Bang Con: The Live”– as efforts to prepare for the post-coronavirus period.
The best of “Beyond Live” show held in April which included SuperM was seen by more than 75,000 individuals in 109 nations.
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This post appeared on The Korea Herald newspaper site, which is a member of Asia News Network and a media partner of The Jakarta Post
Jakarta Post.
