Kesuma, Suci Andini
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The Effects of Sharia Financial Literacy and Korean Pop Culture on K-Pop Merchandise Purchase Decisions Kesuma, Suci Andini; Marliyah, Marliyah; Aisyah, Siti
Dinar : Jurnal Ekonomi dan Keuangan Islam Vol 12, No 1: January 2025
Publisher : Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/dinar.v12i1.28417

Abstract

The expansion of the South Korean entertainment sector, particularly the K-Pop phenomenon, has had a tremendous influence on several nations, including Indonesia. In 2023, K-Pop goods sales increased by 74% compared to the previous year. This K-Pop cultural practice encourages fans to spend money on products from idol groups they adore, often without thinking about the long-term financial implications.This research seeks to investigate the impact of sharia financial literacy and K-Pop culture on K-Pop product purchase decisions among fans in Indonesia, specifically among the K-Popers community in Medan. This study employs a quantitative approach with a survey technique to determine the association between independent factors (sharia financial literacy and K-Pop culture) and the dependent variable (buy decisions of K-Pop items), with a sample size of 96 respondents.The study indicates that sharia financial literacy positively impacts purchasing decisions (t = 7.543, p 0.005). This is consistent with prior study, which found that financial literacy plays a major influence in purchasing decisions, particularly in the setting of Sharia, which emphasises prudent financial management in accordance with Islamic principles. The t-test study demonstrates that K-Pop culture has a positive and substantial impact on purchase decisions (t = 3.616, p 0.005), consistent with earlier studies suggesting that culture influences an individual's preferences and purchasing choices.