Korean entertainment spending for business deals tops 9tr won
Social infrastructure in South Korea
Seoul - Yonhap
Local firms spent more than 9 trillion won (US$8.8 billion) last year on business-related entertainment, government data showed Monday, indicating they continued to spend heavily to treat clients despite the slumping economy.
According to the National Tax Service, the firms are estimated to have spent more than 9 trillion won last year on entertainment expenses, which refer to those covering meals, drinks and other treats aimed at facilitating business deals.
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