Performance of Golden during Sunday’s Academy Awards ceremony hailed for bringing Korean culture into the heart of Hollywood

Two Oscar wins for hit film KPop Demon Hunters have been met with jubilation in South Korea, where the film has been hailed as a cultural “miracle” and a win for the country’s artistic exports.

Local headlines proclaimed the movie had reached “the peak of its syndrome” following its twin victories at the Academy Awards on Sunday.

The Hankyung business daily hailed a “miracle” that cemented South Korea’s growing cultural influence on the global stage.

The animated fantasy won best animated feature and best original song at the Academy Awards. The Netflix hit became the platform’s most-watched film, with more than 500m global views.