Table 1. Results of validity and reliability tests

Variable Factor 1 Factor 2 Factor 3 Factor 4
Experiential cultural proximity 1 .891 .171 .088 .187
Experiential cultural proximity 2 .900 .112 .064 .229
Experiential cultural proximity 3 .796 .259 .210 .042
Experiential cultural proximity 4 .660 .332 .182 .340
Experiential cultural proximity 5 .678 .256 .087 .294
Psychological cultural proximity 1 .175 .683 .385 .095
Psychological cultural proximity 2 .201 .790 .208 .168
Psychological cultural proximity 3 .346 .762 .199 .201
Psychological cultural proximity 4 .287 .748 .191 .227
Psychological cultural proximity 5 .129 .708 .237 .352
Attachment to Korean Wave stars 1 .153 .354 .764 .054
Attachment to Korean Wave stars 2 .147 .182 .840 .175
Attachment to Korean Wave stars 3 .071 .176 .849 .199
Attachment to Korean Wave stars 4 .114 .214 .782 .206
Purchase intention 1 .139 .232 .062 .797
Purchase intention 2 .202 .122 .172 .809
Purchase intention 3 .250 .164 .260 .687
Purchase intention 4 .238 .242 .178 .702
Eigen value 3.665 3.407 3.174 2.915
Variance (%) 20.363 18.927 17.633 16.196
Cumulative variance (%) 20.363 39.290 56.923 73.119
Cronbach’ α .889 .911 .894 .840