The Korean character Loopy once took the local market by storm, but nowadays, Chinese IP products like Labubu are flying off shelves worldwide. In an interview with China Daily Website, Roh Jae-heon, ROK ambassador to China, noted that (South) Korean youth are eager to get their hands on these newly popped-up Chinese character goods.
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Loopy or Labubu? ROK ambassador to China says IP gadgets are winning Gen Z's hearts – China Daily
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