Korea's content industry exports hit record level

Korea's content industry exports hit a record high in 2024, fueled by the global boom of Korean pop culture, known as "hallyu," the government said Friday. The Ministry of Culture, Sports and Tourism reported that the industry's exports totaled $14.08 billion in 2024, up 5.5 percent from 2023. It marked the highest level since the ministry began tracking the data and the second consecutive record-breaking year. During the same period, imports came to $915.56 million, resulting in a trade surplus of $13.159 billion. The content industry is an umbrella term encompassing publishers, broadcasters, advertisers and firms producing music, computer games, animations, movies, musicals and other creative content. The game industry remained the dominant force, accounting for 60.4 percent of total content exports, or $8.5 billion. The music industry followed with $1.8 billion, while the broadcasting and video sector earned $1.26 billion. The content industry's total revenue also rose 2.1 percent to 157.4 trillion won ($107.2 billion) from a year earlier, buoyed by stronger exports. Broadcasting and v