Korea’s Ministry of Culture and Tourism is scheduled to hold a seminar on February 29th to discuss the need to construct a special arena-style venue, and to examine the direction it needs to go and what key issues they may face.
Additionally, the Ministry of Culture and Tourism will also announce its plans to construct a special venue for K-Pop artists.
The Ministry revealed through a press release on the 28th the difficulties that many popular K-Pop artists face in finding a big venue for their shows, stating “The popular music market has increased over 74% in just the past year alone (the average annual increase is about 40%). Despite this impressive growth, the Olympic Stadium is the only indoor venue in Korea that is large enough to accommodate over 10,000 people.”
They continued to explain the need to construct a large venue, saying “Currently, a lot of domestic agencies are sending their artists on arena tours overseas, but in our own country the infrastructure for supporting popular culture is very poor and top musicians cannot properly express their passion and creativity in their own country due to limitations in stage setup, sound quality, lights, and facilities.”
Also, the ministry elaborated that “the government, in order to further aid K-Pop in becoming a global phenomenon and to spread its foundation, needs to establish a better venue infrastructure. The first step is to discuss the need to build an arena-style venue, the direction it should take, and any other key issues with professionals and experts in the music industry in order to receive varied feedback.”
In addition to improving the K-Pop venue infrastructure, the Ministry also plans to construct a multimedia mega-facility with studios, rehearsal rooms, and 3D imaging equipment.