顶级艺人回归+新艺人加盟 K-pop四大公司盈利上行动力足 Global X韩流音乐及文化ETF迎配置机遇

Core Viewpoint - The K-pop sector is expected to continue its growth trajectory due to the return of top artists, the rise of new talents, and the easing of risks associated with controversies involving NewJeans and HYBE, alongside a rebound in the Chinese market [1][2]. Group 1: Market Performance and Trends - Since December of last year, the South Korean market has rebounded amid reduced political risks, with the K-pop sector outperforming the Kospi index in recent months [1]. - The Global X K-Pop Music and Culture ETF (3158) was launched on March 19, 2023, on the Hong Kong Stock Exchange, aiming to track the performance of leading companies in the K-pop industry [1]. - The four major Korean entertainment companies (JYP, HYBE, SM, and YG) account for 37% of the ETF, with strong profit growth expected by 2025 due to the return of top artists and the introduction of new talents [1]. Group 2: Company-Specific Developments - HYBE is set to see the return of BTS, with plans for a commemorative album and a world tour by member J-Hope, while also focusing on localizing its strategy in the U.S. with the successful Katseye group [2]. - JYP's Stray Kids are experiencing strong fan growth, with their ongoing world tour expected to attract 1.7 million attendees [2]. - SM's Aespa and NCT Dream are currently major revenue sources, with new groups like Hearts2Hearts and SMTR25 in development [2]. - YG announced a world tour for Blackpink in 2025, with additional activities from established groups like 2NE1 and BabyMonster contributing to profitability [2]. Group 3: Market Dynamics - K-pop album exports have shown a significant recovery since mid-2023, indicating a positive trend in sales [2]. - The easing of visa restrictions for Koreans by the Chinese government signals an improvement in the business environment between China and South Korea [2]. - The unique cultural characteristics of K-pop, its low substitutability, and minimal tariff risks are expected to support its sustained growth in both China and global markets [3].