[theqoo] PARK JINYOUNG: "K-POP HAS REACHED ITS LIMIT... THE PRIVATE AND PUBLIC SECTOR MUST JOIN FORCE TO SET THE NEXT STAGE"

Park Jinyoung, co-chair of the Committee for Popular Culture Exchange, stated on the 7th, "Both I and everyone leading the K-pop industry have come to share the view that K-pop has reached a critical juncture, a limit of sorts, in its global rise."

Appearing as a witness at the National Assembly’s Culture, Sports and Tourism Committee audit that day, Park explained, "We were deliberating on how to join forces to build systems and platforms to take the next leap forward when we received a proposal from the government to collaborate, which led to our current partnership."

Recounting his experience touring 50 US cities with the girl group Wonder Girls about two decades ago, Park noted, "That October, we achieved a milestone: the first-ever entry of Korean music onto the Billboard Hot 100 chart in the nation's history." He added, "Now, ten years later, topping the Billboard charts has become a frequent occurrence, and drawing crowds of 50,000 or even 100,000 people to massive concert venues has become commonplace."

He went on to introduce the "Phenomenon Awards & Festival" and the establishment of K-Culture Centers in major global cities as key initiatives led by the Committee for Popular Culture Exchange.

Regarding the Phenomenon project, Chairman Park explained, "We concluded that, given the nature of the project, it was appropriate for the private sector to take the lead." He added, "Four K-pop companies came together to establish a new entity, a company capable of representing all four private firms, structured with equal capital contributions and equal voting rights for each."

He continued, "We are still navigating the process of figuring out the best way for the public and private sectors to collaborate," adding, "We will do our utmost to ensure this becomes a successful model of public-private partnership."

source: https://n.news.naver.com/mnews/article/421/0009214909?sid=100

original post: here

1. Don't do it, don't lay your hands on anything

2. It does seem like K-pop has peaked and is now coming down... I’m really skeptical about whether that will be enough to overcome the situation though

3. The fact that they’re doing something like this is basically proof that the K-pop industry has peaked and is now on the way down... ㅜㅠㅋㅋ

4. It’s no wonder it isn’t recognized as a national project abroad

5. Just let it run its own way

6. Please just catch the ticket scalpers...

7. Set for a rapid decline thanks to government intervention

8. It does look like K-pop hit a limit, but I don't think that's the way out

9. They say the brain rots after 60, and sure enough, now that he's approaching that age, I see it happening

10. This is not it, don't do it

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