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Major Firms’ 2018 Entertainment Expenses Dip 13 pct on Anti-graft Law

Major Firms’ 2018 Entertainment Expenses Dip 13 pct on Anti-graft Law

SEOUL, Aug. 26 (Korea Bizwire) — Leading South Korean companies’ entertainment expenses sank nearly 13 percent in 2018 on a draconian anti-graft law that came into effect two years earlier, government data showed Wednesday. A total of 7,402 companies spent a combined 3.16 trillion won (US$2.66 billion) in 2018, down 12.7 percent from 2016, according [...]