Does a nation's image in popular culture have much impact on their economy?

As an Australian, YouTube is full of videos talking about Australia's housing crisis and overdependence on mining. Likewise, we have a very popular YouTube channel called The Juice Media whose satire makes Australia look very bad (although everything they say is based off truth). Unlike some other countries, we haven't banned The Juice Media (not saying that we should). This makes me wonder if all this negative coverage of Australia is scaring away investors and tourists, forcing us to be even more reliant on mining to keep our economy afloat.

On a similar note, South Korea has developed a reputation for overwork, high suicide rates, very low birth rates, and domination by chaebols. The movie Parasite) and the series Squid Game have, intentionally or not, reinforced this reputation. In fact, this reputation even has a name: Hell Joseon. This is in stark contrast to about 5 years ago, when South Korea was highly regarded due to K-Pop, its economic miracle and technological innovations. Is South Korea's present-day poor reputation scaring away investors and tourists, further exacerbating their economic woes?