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

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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