Political and fan craze aside – I agree that South Korea entertainment is vastly more successful and influential on a world wide platform than China’s. Though South Korea isn’t the first Asian country to “penetrate” the Western market. I believe HK was the first before it fizzled out. Japan is the second but in a much more niche market, like in anime and game industries. China had some investment in movies with Hollywood A-listers, but none really made an impact or a cult-ish following like the others before and now South Korea.

Random note – the only palatable, enjoyable, and actually good movie with Hollywood and China collaboration is The Flowers of War.