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Odd Lots

What Boy Band Sensation BTS Can Teach Us About Economics

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 10 June 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

South Korean boy band BTS is rarely connected to economics, but as the biggest success to come out of K-Pop, it arguably should be. On this week's episode of Odd Lots, we speak to Euny Hong, the author of 'The Birth of Korean Cool,' about how South Korea made cultural exports a key plank in its economic development strategy.

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Transcript

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0:00.0

Join us in New York on November 29th for the Bloomberg Canadian Finance Conference,

0:04.6

proudly sponsored by National Bank of Canada Financial Markets.

0:07.8

2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely

0:13.8

insights and actionable strategies. We'll have senior government

0:17.1

officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well

0:21.9

as speakers from Northland Power, World Bank, Transolta, and many more.

0:26.0

Register at Bloomberg Live.com slash Canadian Finance slash radio. Hello and welcome to another episode of the Odd Lots Podcast, I'm

0:45.0

I'm Tracy Allaway. And I'm Joe Wisenthall.

0:48.0

So Joe, you know I went to South Korea for the first time a month or two ago.

0:53.0

I know and I was super jealous of it because you posted a bunch of awesome food picks and it's just a place I've always wanted to go so thank you for rubbing it in.

1:02.0

Yeah, I'm sorry.

1:04.0

I did eat a lot of Korean fried chicken and I sort of regretted it afterwards but at the time it was a really good idea.

1:11.0

Okay, so what's the point?

1:13.2

What do you try other than reminding me that because of where you live you get to eat much

1:18.8

better food than me all the time, you're always posting about it. What is the, what else you're trying to tell me here?

1:24.7

Okay, well it was my first time in South Korea,

1:27.3

despite the fact that I grew up in Asia

1:29.1

and spent a lot of time in the region,

1:31.3

and I learned a lot in just a few days in Seoul and one of the things

1:37.2

I learned and this this probably won't come as a surprise to anyone with teenage kids is that K-pop is really really

1:47.3

big in South Korea. I guess I'm not really surprised that it's really, really big in South Korea, but what I am struck by,

1:56.7

and it's one of these facets of modern pop culture that I feel incredibly ignorant on.

...

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