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  • Thumbnail for INTELLECTUAL PROPERTY RIGHTS AND THE SOUTH KOREAN MUSIC INDUSTRY: ARE COPYRIGHT LAWS STRENGHTENING MAJOR LABEL MARKET POWER?
    INTELLECTUAL PROPERTY RIGHTS AND THE SOUTH KOREAN MUSIC INDUSTRY: ARE COPYRIGHT LAWS STRENGHTENING MAJOR LABEL MARKET POWER? by Fabie, Noah

    SM Entertainment, JYP Entertainment, and YG Entertainment, often referred to as “The Big Three”, are accredited with launching K-Pop onto the global scene. Before “The Big Three”, the South Korean music industry acclimated to tighter copyright policies between the 1960s and the late 2000s. Popular economic theory suggests that intellectual property right laws negatively impact social welfare and increase monopoly power. Using music chart data from 2011 to 2017, this analysis investigates whether or not these effects are prevalent in the South Korean music industry.

  • Thumbnail for  INTELLECTUAL PROPERTY RIGHTS AND THE SOUTH KOREAN MUSIC INDUSTRY: ARE COPYRIGHT LAWS STRENGHTENING MAJOR LABEL MARKET POWER?
    INTELLECTUAL PROPERTY RIGHTS AND THE SOUTH KOREAN MUSIC INDUSTRY: ARE COPYRIGHT LAWS STRENGHTENING MAJOR LABEL MARKET POWER? by Fabie, Noah

    SM Entertainment, JYP Entertainment, and YG Entertainment, often referred to as “The Big Three”, are accredited with launching K-Pop onto the global scene. Before “The Big Three”, the South Korean music industry acclimated to tighter copyright policies between the 1960s and the late 2000s. Popular economic theory suggests that intellectual property right laws negatively impact social welfare and increase monopoly power. Using music chart data from 2011 to 2017, this analysis investigates whether or not these effects are prevalent in the South Korean music industry.