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In 1965, Korea’s GDP per capita was less than that of Ghana. |
Hallyu is a Chinese term which, when translated, literally means “Korean Wave”. ① It is a collective term used to refer to the phenomenal growth of Korean culture and popular culture encompassing everything from music, movies, drama to online games and Korean cuisine just to name a few. ② South Korea is one of the only countries in the world, if not the only one, that has a dedicated goal to become the world’s leading exporter of popular culture. It is a way for Korea to develop its “soft power”. ③ Hallyu has been a blessing for Korea, its businesses, culture and country image. Since early 1999, Hallyu has become one of the biggest cultural phenomena across Asia. ④ The Hallyu effect has been tremendous, contributing to 0.2% of Korea’s GDP in 2004, amounting to approximately USD 1.87 billion. More recently in 2019, Hallyu had an estimated USD 12.3 billion boost on the Korean economy. Over the last two decades, South Korea has become very rich and very futuristic. ⑤ Today, South Korea is the world’s 12th largest economy.
정답 : ⑤
원문 : Korean Wave (Hallyu) – The Rise of Korea’s Cultural Economy & Pop Culture