Joseph Chang
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- Milken Institute38 min
Gonna be Golden: How K-Culture is Innovating the Global Creative Economy | Asia Summit 2026
Joseph Chang, Daniel Dae Kim, Curtis Chin
Decades of strategic government investment in South Korea's cultural industry have created a vertically integrated ecosystem where conglomerates like Kakao Entertainment dominate the market through massive capital requirements and an intensive trainee system. This structure has produced a global "Hallyu" phenomenon characterized by highly organized fandoms, though it faces criticism regarding artist welfare and recent controversies over Western categorization such as the Grammy boycott. Looking forward, industry leaders are leveraging AI and cross-cultural IP strategies to extend the global reach of Korean culture while attempting to secure upstream creative ownership through new investment funds.