South Korean Musical Market Grows with Major Productions Set to Debut
Creatrip Team
a year ago
The South Korean musical market is projected to reach its largest scale yet by 2025. The first half of the year alone already surpassed last year's sales with about 229 billion KRW earned from ticket sales. Major productions like 'Wicked,' 'The Great Gatsby,' and the 10th-anniversary performance of 'Phantom' are set to premiere in the second half of the year, contributing further to market growth. The 'Wicked' original tour will open in Seoul after 13 years, and 'The Great Gatsby' will be performed simultaneously in South Korea, the US, and the UK for the first time. Besides these, popular musicals like 'Memphis' and 'Phantom' are ranking high in ticket reservations. While these major productions drive growth, it's also important to support innovative and original productions to sustain long-term growth. Fortunately, smaller and original musicals are gaining popularity, indicating a shift towards a more diverse and vibrant market.
