|Record Labels Industry Association of Korea (LIAK) will hold a seminar on June 11. gettyimagesbank|
By Dong Sun-hwa
The Record Labels Industry Association of Korea (LIAK) will hold a seminar on June 11 to discuss measures to mitigate fallout from the coronavirus (COVID-19). The seminar is scheduled to take place at Seoul Music Center in Eunpyeong-gu, and any industry insiders can take part.
"As the virus has been taking a toll on the music industry since its outbreak early this year, we will look for solutions to the current situation based on different voices," the association said in a statement, Friday. "We expect the seminar will help revitalize the market and let our consumers continue to enjoy a cultural life."
Participants will also look for ways to cope with a possible second wave of the virus.
On May 6, LIAK released a statement calling for the government to come up with policies to support the virus-affected industry. More than 210 performances nationwide were called off or postponed between February to April following the pandemic, the association said on May 1. It added that the total cost of the damage was more than 63 billion won ($51 million).
LIAK is a non-profit trade organization established by leading music labels here in 2012. It aims to protect the interests of its members and introduce a wide range of music to the Korean music market for balanced development.