While Korea has a smaller number of concert attentees, the concert prices are comparable to USA

  • BTS concert at the main-qimg-592132e18e67b02bff5b52cf508fd635-lq


    Sofi in Los Angeles



    IU's concert at Chamshil Olympic Stadium


    2022 IU CONCERT 〈The Golden Hour:오렌지 태양 아래〉 티켓 오픈 안내
    듣다·보다·만나다, 멜론티켓
    ticket.melon.com


    (All Korean concert prices include fees, taxes and all that, although it is likely that the ticket sellers will add their own fees which will make the actual prices slightly higher.)
    [Performance Info]
    - Title: 2022 IU CONCERT〈The Golden Hour: Under The Orange Sun〉
    - Ticket price: VIP Seats: 165,000 won / R Seats: 143,000 won / S Seats: 121,000 won / A Seats: 99,000 won


    VIP seats $126, R seats $109, S Seats $92 and A Seats (the lowest) $76.


    (In Korea, the VVIP seats are invitation-only, based upon who you know. They usually pay the singer in some other way.)


    ===


    Selected prices for some singers based in Korea (top prices only), 2022

    Psy - 165K won $126

    Seventeen - Same as Psy


    Balladists

    Sung Sikyung - 132K won $101

    Hynn (Park Hyewon) - 110K won $84


    Trottists

    Lim Youngwoong - 154k won $117

    (A few other trottists charge 132K won, same as Sung Sikyung.)


    So, at least in concert terms, BTS' lowest concert ticket price $79 is comparable to IU's lowest concert ticket price of $76. (Things like reselling are not considered since reselling occurs in every culture.)


    Korean concert venues are weaker on the highest-price seats, but for ordinary mortals, it costs as much to attend Lee Jieun's concert as the concert of the most successful act in the history of world. I am sure Lee Jieun probably was proud of herself about that.


    tl, dr: Concert prices in Korea are not much lower than those of USA.

  • No. The premise of your thread is totally wrong and you know that. That's why you are making this conclusion only based on lowest selling ticket price which is actually foolish. There's a reason why in final revenue, US concerts always make 50% more than that of any other place in the world for similar ticket sales.


    TLDR : Don't spread misinformation just for the sake of your agendas....

  • Comparison between two different currencies should use Price Parity Index.


    And in this context, proportion of seats at each price also matters.


    TL:DR... Meh

  • No. The premise of your thread is totally wrong and you know that. That's why you are making this conclusion only based on lowest selling ticket price which is actually foolish. There's a reason why in final revenue, US concerts always make 50% more than that of any other place in the world for similar ticket sales.


    TLDR : Don't spread misinformation just for the sake of your agendas....

    US concerts are notorious for selling very high priced tickets to a select number of people which does drive up the final figures.


    Few richer Koreans will pay , say, $5,000/ticket for an event which is why such market is nonexistent in there

  • Comparison between two different currencies should use Price Parity Index.


    And in this context, proportion of seats at each price also matters.


    TL:DR... Meh

    Yes, you probably saw me giggling about the 1,343 years old finally being able to charge a similar price for her concert with BTS..


    In general, seats and views are worse in Korea than in other countries since other than the Gymnastics(KSPO Arena), which was remodeled in 2019 to be used as a KPop arena, no existing structures were designed to serve KPop.

  • Yes, you probably saw me giggling about the 1,343 years old finally being able to charge a similar price for her concert with BTS..


    In general, seats and views are worse in Korea than in other countries since other than the Gymnastics(KSPO Arena), which was remodeled in 2019 to be used as a KPop arena, no existing structures were designed to serve KPop.

    Giggling.. no.. if I am imagining you.. I would imagine a cackle 8o


    The cost based on quality of the infrastructure depends on the standards in the society.. if most venues in S.Korea are as you describe, then it has little bearing on the cost differential.


    To highlight with an extreme example, water in a desert might be of poorer quality, than available in consumer societies of plentitude - sparkling, still, seltzer, mineral etc., - yet in the desert the conditions make it far more worth the price.

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