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Has Hallyu peaked? After 30 years, Korea’s cultural wave faces a reckoning

Published 2026-08-15

The Korean Wave, or Hallyu, is usually dated to 1997, when Chinese state broadcaster CCTV aired the Korean drama "What is Love" (1991-92), an unlikely hit that is often credited as the phenomenon's starting point. Almost three decades later, the industry that emerged from it has become one of Korea’s most closely watched exports, with dramas, K-pop, webtoons and games driving revenue growth and global success, and spilling over into related industries such as tourism, beauty, food and fashion. T

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Frequently Asked Questions

What is Hallyu?

Hallyu, or the Korean Wave, refers to the global popularity of South Korean culture, including K-dramas, K-pop, and more.

When did Hallyu begin?

Hallyu is often traced back to 1997 with the airing of the Korean drama 'What is Love' in China.

Has Hallyu peaked?

There are discussions around whether Hallyu has peaked, as the industry faces new challenges despite its past successes.

What industries benefit from Hallyu?

Hallyu has positively impacted tourism, beauty, food, and fashion industries in addition to entertainment.