Browsing: Craze

Hard times are ahead for Labubu: Pop Mart International Group, the Chinese company that distributes the famous figurines, recorded a 50% drop in sales worldwide during the third quarter of 2026. It was foreseeable that the craze for the furry keychains would eventually die down, but until last year things were going extremely well: for…

South Korea’s cultural exports are delivering tangible balance-of-payments returns, transforming the global entertainment demand into a key driver of the domestic service economy. The country’s travel account veered to a $596.6 million USD surplus in June, as per data from the Korea Tourism Organization. The result indicates a sharp reversal from the $846.8M deficit recorded…