[Article] SKorea to spend 91 million dollars to bolster K-pop music

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Excerpt:

South Korea has unveiled a 91-million-dollar plan to bolster its music industry, which has been badly hit by illegal online downloads.

The Culture, Sports and Tourism Ministry said it would create a Korean version of the US Billboard Charts and a K-pop award evoking the Grammys in a bid to "globalise" the country's pop music.

Ministers hope the five-year plan will double the country's annual sales, online and in shops, to 1.7 trillion won (1.2 billion dollars) by 2013, they said in a statement.

Read it: SKorea to spend 91 million dollars to bolster K-pop music