TikTok Korea and the consulting firm Kearney published a study on 26 August 2026 estimating that K-culture on TikTok will be worth USD 30.4 billion by 2030, with K-beauty the largest of six sectors on direct economic impact at USD 2.45 billion. The headline is already circulating through the Korean beauty industry as though it were a market size. It is not one — it is a sum that adds consumer spending outside Korea to a modelled multiplier inside Korea.