What Bunjang's 2025 Fan Sales Data Says About K-pop
One of the most ill-timed projects of my entire career came out on March 16, 2020: Merch Madness, a Billboard deep dive series into K-pop merchandise, arrived just as the Covid-19 pandemic erupted in the United States. It was a series of deep reporting into business and fan practices, the latter of which was often accompanied by people very self-aware about their spending in the name of fandom love.
Since 2020, fandom spending has taken off across every category. Everyone wants to market their...