With the Hallyu Wave expanding worldwide, it is not surprising that Kpop has been recognized by top companies like Google.
On November 7th, it has been revealed that Google Inc. may start a video streaming service on YouTube for South Korean pop music, tapping the genre’s worldwide popularity. Google Executive Chairman, Eric Schmidtheaded to Seoul and met President Lee Myungbak and other executives at several Korean IT firms to discuss a team-up on planning to set up a Youtube channel for Kpop.
The President's office revealed that Schmidt told the President, "The channel on Google’s free video site would help spread the 'Korean Wave' and cement ties between the world’s largest search engine operator and South Korea."
On November 8th, Mr. Schmidt is scheduled to hold a press conference where there is speculation he will reveal other big Korean related deals. Local media are talking of a “large and substantial investment” which revolved around a possible purchase of mobile search operator Daum. This merger would still put Google behind NHN Corporation’s own popular mobile search Naver, which currently makes up more than half of the market.
What are your thoughts about this plan ?
Source: WSJ
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