BUSINESS

Instagram to help K-pop expand globally: CEO

By Yonhap
  • Published : Mar 11, 2019 - 15:42
  • Updated : Mar 11, 2019 - 15:42

The global photo- and video-sharing platform Instagram aims to help South Korean culture, noticeably K-pop and esports, expand globally, the company's new chief said Monday.

"K-pop is much more than just music," CEO Adam Mosseri told reporters in Seoul, emphasizing the significance of the local market as an innovation powerhouse that leads trends around the world.

The company said K-Pop has been one of the most popular and most buzzed-about musical genres on Instagram in the past four years. Indonesia, United States and Brazil were among the top countries that interacted with K-Pop content on the platform.


(Yonhap)

"K-pop is not just a local phenomenon but a world phenomenon," he stressed, adding that the company is trying to support connections between K-pop artists and global fans.

The former vice president of Facebook Inc., Instagram's parent company, also highlighted the rise of casual sharing as a notable global trend in the way people express themselves.

"Our mission is to connect with people and things we love. To do any of that, you need to fundamentally express yourself," he said.

Instagram Stories -- a Snapchat-like feature that creates photo and video sequences that disappear within 24 hours -- is a trend with over 500 million daily active accounts globally.

Daily Stories users in South Korea increased over 50 percent on-year in December 2018, the company said, mentioning the popularity of Stories among young Korean Instagrammers.

"High school- and college-aged made up 40 percent of daily Stories users (in South Korea)," the company said.

Instagram also recently joined hands with South Korean tech giant Samsung Electronics Co. that features a built-in Instagram mode in the company's new flagship smartphone, the Galaxy S10.

"We are excited to work with Samsung," Mosseri said, adding that the new mode makes it easier for users to share every moment in their daily lives and express themselves casually.

The American executive also said South Korea-based esports are some of the top interests that people connect to on the platform globally.

Over 1 million South Korean Instagrammers interacted with esports content by liking, commenting and posting in the last 90 days, the Instagram CEO said.

Mosseri also had attended the League of Legends live competition a day before the press conference during his two-day trip.

The new chief highlighted Instagram's ongoing effort amid privacy concerns over Facebook's plan to integrate WhatsApp and Instagram that would make it possible for users to send messages to one another without switching apps.

 "We think privacy is a core part," he said, mentioning that Facebook CEO Mark Zuckerberg issued a manifesto in an apparent attempt to make the social-networking firm a privacy-focused platform.

Mosseri, the former Facebook vice president of News Feed, was named the head of Instagram in October 2018 following the resignation of Instagram's founders -- Kevin Systrom and Mike Krieger. (Yonhap)



LEADERS CLUB