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The K-pop ETF hasn't been doing well, but its creator says Korean content is at an 'inflection point'

CNBC Finance LogoCNBC Finance2w ago

The K-pop ETF hasn't been doing well, but its creator says Korean content is at an 'inflection point' - CNBC Finance

Quick Summary:

The creator behind the new exchange-traded fund aimed at converting global fans of Korean content into investors is optimistic on K-pop's outlook.

In the nearer term, Lee of Hana Financial Group said that Hybe, the group behind BTS, may bottom out sometime around December, when the group's plans for enlisting in South Korea's military are finalized.

Goldman Sachs predicts revenue from the global music industry will reach $131 billion by 2030 – more than double the $62 billion for 2017 — adding that streaming will boost the industry to record highs.


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Article Details

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-09 @ 23:59:47 (2 weeks ago)

News Timezone: GMT -5:00

Ranking: #2011 (out of 3858 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 884 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC Finance

News ID: 1666831

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About CNBC Finance

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Main Topics: MarketsFinanceInvesting

Official Website: cnbc.com

Update Frequency: 2 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #6

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