Exports of hallyu cultural contents reached 3.2 trillion won ($2.8 billion) last year, up 13.4 percent from the year before.
Exports of Korean movies had the highest growth rate of 222%, followed by broadcasts (30.7%) and music (30.7%), according to the Korea Trade-Investment Promotion Agency (KOTRA).
Exports of Korean games totaled $1.64 billion, making up the lion’s share (58%) of total hallyu cultural content exports. They were also the largest contributor in 2014.
Total hallyu exports, including cultural contents, consumer goods and tourism, gained 2.2 percent y-o-y in 2015 to 8 trillion won ($7.03 billion). Given that South Korea’s total exports slid 7 percent last year, hallyu exports continued to make a good showing.
Since 2012 Hallyu’s production inducement effect has continued to increase: it stood at 15.6 trillion won last year with 2.7 trillion won for the game sector and 2 trillion won for the tourism industry. The Korean film industry was the biggest beneficiary of hallyu. Hallyu’s production inducement effect on the film industry surged 245.9 percent to 174 billion won from 50.3 billion won
