Estimated 520,000 Visitors and Economic Impact of Over 1 Trillion Won

Seoul Arena Rendering

Seoul Arena Rendering

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A large-scale festival combining K-pop performances and fandom awards ceremonies with exhibitions by K-culture companies in fields such as games, webtoons, food, and beauty will be held in 2027 in Seoul and Goyang, Gyeonggi Province. The government expects that approximately 520,000 visitors will attend over 11 days, generating more than 1 trillion won in economic impact.


The Committee for Popular Culture Exchange, co-chaired by Minister of Culture, Sports and Tourism Choi Hwi-young and Park Jinyoung, Chief Producer and CEO of JYP Entertainment, announced the plans for the "2027 FANOMENON" during a press briefing in Jongno-gu, Seoul, on the afternoon of the 27th.


FANOMENON is a large-scale K-pop-centric festival inspired by "the Korean version of Coachella." The name combines "Fan" and "Phenomenon," and it is a privately led event with active participation from K-culture fandoms.


The inaugural event will be held at Chang-dong Seoul Arena and KINTEX Exhibition Center II in Goyang for 11 days, from December 2 to December 12, 2027. On December 2, a pre-event will be held, followed by performances, awards ceremonies, exhibitions, and hands-on experiences from the 3rd onwards.


At the Seoul Arena, scheduled for completion in May 2027, concerts featuring multiple K-pop groups will take place over six weekend days. In between concerts on Saturdays and Sundays, award ceremonies will recognize not only popular music but also a range of fields where fandoms have emerged. Unlike traditional ceremonies where awards are given to singers or actors, this event is considering designating fandoms as award recipients, with artists or brands accepting awards on their behalf.


The medium-sized venue at Seoul Arena will broadcast performances from the main stage in real time. Convention areas will feature exhibitions introducing awards candidates in each field and host events with participation from fandoms.


At KINTEX Exhibition Center II, two performance halls and three spaces for exhibitions and hands-on experiences will operate. A music festival accommodating around 20,000 attendees will be held over six weekend days, showcasing K-pop, world music, jazz, EDM, rock, R&B, hip-hop, and gukak (traditional Korean music).


During four weekdays, plans are being considered for singer and actor fan meetings and production showcases, screenings of video content, game-related performances, esports tournaments, and original soundtrack (OST) performances from films and dramas. Seminars and business forums related to K-culture will also take place.


Exhibition areas will include companies related to lifestyle culture, such as food, beauty, and fashion, as well as businesses in games, webtoons, popular music, film, video, and animation. Examples presented include tastings of K-food, beauty product launches featuring K-pop artists, and game and animation showcases targeting K-pop fandoms. Detailed programs and participating companies will be confirmed at a later date.


The planning, operation, direction, and promotion of the event will be handled by the private sector. The government will support entry and exit procedures, safety management, the participation of K-culture SMEs, and efforts to attract more foreign tourists. The Committee will coordinate the overall direction and collaboration between the private sector, government, and industries involved.


The Korea Culture & Tourism Institute analyzed that the event could attract a total of about 520,000 visitors, including 200,000 foreign visitors, during the festival period. The estimated economic impact stands at over 1 trillion won. However, both the visitor numbers and economic effect are preliminary figures based on the current outline of the event.


Choi Hwi-young, co-chair of the Committee, stated, "This is a new attempt to create a K-culture platform where fans from around the world can directly participate and experience," adding that, "We will ensure that this leads to growth in content, tourism, and related industries."


Park Jinyoung, co-chair of the Committee, said, "The strength of K-culture comes from fandoms that have nurtured and spread artists and content together," and emphasized, "We aim to create a model that combines private sector creativity with government support."


The Committee will also implement cross-ministerial policies to support overseas expansion by K-culture companies alongside FANOMENON. These include expanding investment and loans, facilitating international joint productions, discovering regulatory improvement tasks by genre, and mediating discussions between companies and relevant ministries.


The "K-Culture Hotline," which has been in pilot operation since April, is being considered for full-scale operation starting in 2027. It will serve as a channel for companies to report and resolve issues encountered during overseas expansion—such as entry and exit procedures, customs clearance, certification, and intellectual property rights violations—in cooperation with relevant ministries.



Plans are also underway to establish K-Culture Centers with K-pop performance venues and related facilities, driven by the private sector, in major overseas regions. The Committee intends to select target locations based on the size of local fandoms, market influence, and regional symbolism. FANOMENON will also serve as an opportunity to promote intellectual property (IP) collaborations between content companies and those in food, beauty, and fashion.


This content was produced with the assistance of AI translation services.

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