* Date : 2016-11-02
The Korean baseball league has drawn over 8 million spectators for the first time in history. The KBO League successfully created a 14% increase in spectatorship over last year, with new advanced stadiums and content for spectators to enjoy. The rapid growth in spectatorship has also led to larger revenue from ticket sales and advertising. The economic value of baseball in Korea has grown beyond corporate promotion to an industry in its own right. Experts say that the KBO League's impact on the Korean economy is expected to hit 2 trillion KRW (US$1.76 Bil.) in 2016.
Let's take a look at the economic value of baseball and its future as an industry.