South Korea could lose billions of dollars due to sending BTS to the military

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Adyrna.kz Telegram

Experts from the Hyundai Research Institute have calculated and concluded that due to the sending of members of the popular Korean boy band BTS to the army, the country's economy could lose billions of dollars, adyrna.kz reported citing The Korea Herald.

According to analysts, the group's activities annually bring about $3.6 billions to the South Korean economy. Also, the sale of BTS-related merchandise and cosmetics brings over $1.1 billion to the state treasury. In addition, it is known that in 2017, every 13th tourist came to the country just because of BTS.

We will remind, earlier it became known that the members of the South Korean pop group BTS will go to military service in the armed forces of Korea.

Under South Korean law, all able-bodied men aged 18 to 28 must serve in the military for 18 to 21 months. According to the media, specifically for K-pop stars, the South Korean Parliament in 2020 raised the age to 30 years. Now all members of the boy band must serve.

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