Hallyu Explained | The reason Korean culture is taking over the world | This Is Why

BTS, Parasite, Squid Game. Three of the biggest South Korean pop-cultural sensations of the past few years. These are the result of years of work and investment by the South Korean government, and with Netflix recently investing $1 billion into creating Korean content, they won't be the last you see. Subscribe here: https://7news.link/ThisIsWhy

Produced by Lucy Hatcher.

In 1994, the South Korean government released a report stating that the movie 'Jurassic Park' was worth the sale of 1.5 million Hyundai cars, one of South Korea's biggest exports.

After the Asian Financial Crisis hit South Korea hard, president Kim Dae-Jung relied on the power of cultural exports to make back their lost money.

Now, South Korea's entertainment industry is worth around $US10.3 billion.

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