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Did you read the Lefsetz Article on WSJ, he argues that the music industry is fragmented that it is incorrect to assert that Taylor Swift is the most popular/dominating artist of the year in West etc., because she does not reach a variety of population. Most people "know of her" than "know her music". She is definitely super successful in business, but not as ubiquitously listened to, as previous greats.
I would think it is the same with Kpop, particularly so since the 2nd gen, even among Koreans. The same can be said of BTS, Blackpink etc., that more people "Know of them" than "Know their songs". but within their specific demographic of teens/twenties, they are extremely popular. And vice versa for Trot or rather with Trot the young might not even "Know of them"
That is also why IU indeed might be the "Last National Singer" in S.Korea. The listenership has fragmented since the mid-2010s. And TTN is her song that cuts the most across demographics, even if something like You & I, Celebrity etc., have more sheer numbers.
It is no longer possible or necessary to be popular over all age and cultural groups nowdays since people's lives are very atomized.
She had the largest concert of all and brought the most revenue so for all practical purposes she was the most domineering artist of the year.
TTL is probably last song which will have a more or less 'universal' appeal over the general population.