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South Korea to Bailout Music Industry, 35,000 Karaoke Bars

While the U.S. is struggling to keep banks and car companies afloat, South Korea is investing government money more wisely--in the music industry. According to Seoul, the country will spend $91 billion to construct concert venues, establish a music awards ceremony, and support 35,000 private karaoke rooms (those that don't serve alcohol). Why is the government stepping in? Well, K-pop is taking a hit from internet piracy, and South Korean citizens worried about the economy need to sing. This is so pragmatic! [Idolater]

 

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