BTS: how much the famous K-pop group is valued at

is currently the most successful and popular K-pop group in the world. The South Korean boyband started in 2013 and quickly crossed borders to reach various countries with their music. The band has stood out within the industry for its themes, choreography and style, winning several awards and winning the hearts of millions of followers.

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has as members Jin; Sugar; J-Hope; RM; Jimin; V y Jungkook, who hit the music market when they were teenagers and are now considered K-pop idols. Although BTS was formed in 2010 in Seoul, South Korea, it made its official debut in 2013 under the company Big Hit.

It has been 8 years since they entered the competitive music market and the seven members of they have gained fame and fortune. Currently, the South Korean boyband is one of the most requested in the world and the money they generate reaches millions of dollars. So how much is the famous K-pop group valued at?

BTS is a South Korean group formed in Seoul in 2010 and debuted in 2013 under the company Big Hit. (Photo: Getty Images)

MORE INFORMATION: How old were the BTS members when the group debuted in 2013?

BTS: HOW MUCH IS THE FAMOUS SOUTH KOREAN GROUP VALUED?

is worth more than $ 36 billion a year, according to a Hyundai Research Institute study published in the South China Morning Post. And the boyband is more than a K-pop group for the South Korean economy because they represent a lot of money for the large firms in the music industry.

The South Korean band made their fortune through their music, album sales, concerts, merchandise, and endorsements. Despite singing primarily in Korean, BTS is one of the most influential and popular music groups in the world. Everything they touch seems to turn to gold.

His April 2019 album, “Map of the Soul: Persona,” sold nearly 3.4 million copies in one month and set a record in South Korea. They have also secured sponsorship agreements and partnerships with brands such as Coca-Cola, Hyundai and Puma.

BTS’s income also grew thanks to the K-pop group releasing two films from their concerts. The 2018 film “Burn the Stage” grossed more than $ 20 million worldwide. His most recent film, “Love Yourself in Seoul,” grossed more than $ 10 million during its January 2019 release.

Thanks to the success of BTS, the popularity of South Korea also increased. Some 800,000 tourists reportedly chose the Asian country as their travel destination because of the K-pop band.

Its popularity also increased the appeal of South Korean products, such as clothing, cosmetics, and food. According to Business Insider Mexico, eBay saw an increase in merchandise sales thanks to BTS. In April 2019, eBay Korea said that sales had increased more than 50% in one year.

South Korea now has at least $ 1 billion in consumer exports associated with BTS. They are expected to generate an economic value of $ 37 billion over the next 10 years.

Currently, the BTS members live in a mansion located in Hannam de Hill, one of the most sought-after and expensive areas of Seoul.

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