South Korea gov’t pledges to K-pop firms

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South Korea gov’t pledges to K-pop firms
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South Korea’s culture minister pledged support toward K-pop companies, suggesting the provision of subsidies and tax incentives to better facilitate the spread of Korean pop culture overseas, according to officials.

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The meeting was attended by senior executives from leading K-pop agencies, including SM Entertainment, JYP Entertainment, Big Hit Entertainment, FNC Entertainment and Starship Entertainment. “It is a crucial task for the K-pop industry to come up with means of coping with today’s trend of social distancing,” said Park.

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