Shares in South Korea’s entertainment groups soar as steel tariffs combine with a Blackpink world tour and BTS revival to supercharge their appeal
Donald Trump’s imposition of a 25% tariff on foreign steel may have caused alarm among South Korean officials, but it has been music to the ears of one sector of the country’s export-led economy: K-pop.
Investors have ploughed money into the industry, which is now being seen as a “safe haven” from Trump’s trade war with some of his country’s closest partners.
About Author
More Stories
Xi Jinping tells Alibaba’s Jack Ma and Chinese tech chiefs to ‘show their talent’
Willingness to ease off ‘debt brake’ may decide the German election
‘We’re clearly heading towards collapse’: why the Murdoch empire is about to go bang