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East Asian Pop CultureAnalysing the Korean Wave$
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Beng Huat Chua and Koichi Iwabuchi

Print publication date: 2008

Print ISBN-13: 9789622098923

Published to Hong Kong Scholarship Online: September 2011

DOI: 10.5790/hongkong/9789622098923.001.0001

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The Growth of Korean Cultural Industries and the Korean Wave

The Growth of Korean Cultural Industries and the Korean Wave

(p.14) (p.15) 1 The Growth of Korean Cultural Industries and the Korean Wave
East Asian Pop Culture

Doobo Shim

Hong Kong University Press

This chapter examines the rise of the “Korean Wave” in the new millennium in terms of governmental and corporate support. It also empirically investigates the government support, investments of chaebols (Korean conglomerates), and processes of capital accumulation in the media sector. In order to account for the growth of Korean popular culture into an export industry and its international appeal, it reviews the trajectory of Korean popular culture industries linking them to global and local political economic relations and the domestic cultural environment. It concentrates on cinema and television dramas for its analysis of the development of Korean popular culture. For a start, the government policies and domestic conglomerates' business moves that helped transform the Korean cinema industry are presented, taking account of the global political economic context. It is noted that even the Korean government did not have a clear vision for popular cultural exports.

Keywords:   Korean Wave, chaebols, government policies, Korean popular culture, Korean cinema, television dramas, political economy, Korean government, export industry

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