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Popularity of Noraebang Wanes Among S. Koreans

Popularity of Noraebang Wanes Among S. Koreans

SEOUL, Jul. 29 (Korea Bizwire) — The popularity of noraebang, Korean-style karaoke rooms that have been a mainstay of public leisure for more than 30 years, is on the decline. According to a recent report by the KB Financial Group Research Institute, the number of karaoke rooms in South Korea started to drop in 2011 [...]

Anti-Graft Law Reduces Corporate Card Use at Luxury Bars, Restaurants

Anti-Graft Law Reduces Corporate Card Use at Luxury Bars, Restaurants

SEOUL, Sept. 29 (Korea Bizwire) — Use of corporate cards at luxury bars and restaurants fell substantially in the first six months this year from a year earlier, government data showed Thursday, as the anti-graft law that took effect last September bans businesses from treating government officials, teachers and journalists to expensive meals and drinks. [...]