BTS’ Billboard success expected to create economic effect worth US$1.43b

BTS 'Dynamite' forecast to create US$ 1.43 bil. economic effectNews | arirang TV

BTS 'Dynamite' forecast to create US$ 1.43 bil. economic effectNews | arirang TV

The singer decided it was time he heaped some praise of the band and their latest single "Dynamite". In an exclusive voiceover for E!

Korea's Ministry of Culture, Sports and Tourism (MCST) and the Korea Culture and Tourism Institute issued a report on September 7 that estimated the impact of the Hot 100 achievement that made BTS the first Korean artist to top the chart with their new single "Dynamite". The melody additionally earned the most perspectives in a day on YouTube (101.1 million perspectives) and has now turned into the most remarked on record.

He explained that this is so because the song is BTS' first English-language song piece.

According to the report, BTS will generate 245.7 billion won (about $207 million or P10 billion) in sales from "Dynamite" based on the sales of the group's "Map of the Soul: Persona" album that was released in April 2019.

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The estimated economic effect of BTS having topped the Billboard Hot 100 singles chart for the first time for a Korean act is 1.7 trillion won ($1.4 billion), the Ministry of Culture, Sports and Tourism said on Monday.

The most notable accomplishment Jin, Suga, J-Hope, RM, Jimin, V, and Jungkook have reached with "Dynamite" so far is debuting at No. 1 on the Billboard Hot 100 chart.

However, JB also reiterated BTS' stance of refraining from producing all English albums just because they've hit No.1 in the USA as the septet has made it very clear that the Korean language is a part of their art and identity. The song does have a retro vibe and references to disco and pop history that gives it its global appeal.

26-year-old Justin Bieber talked about the K-Pop group of the moment, BTS, for the E! The band doesn't have to change to connect with their audiences. It was shared that the biggest inspiration for this project is BTS who was able to conquer the world. ARMYs have showered their love and support on every BTS song release and the language barrier has never hindered that connection.

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