Use of corporate cards at luxury bars plummets

Home > National > Social Affairs

print dictionary print

Use of corporate cards at luxury bars plummets

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 antigraft law that took effect last September bans businesses from treating government officials, teachers and journalists to expensive meals and drinks.

The amount spent dropped 44.8 billion won ($39.2 million), or 8.8 percent, to 467.2 billion won for the January-June period of 2017 from 512 billion won a year earlier, according to data by the National Tax Service (NTS).

The amount used at luxury bars, mostly in the affluent southern district of Gangnam in Seoul, declined 16.4 percent to 250.9 billion won.

The antigraft law did not affect the use of corporate cards at golf courses as the amount edged down 0.1 percent to 519.2 billion won.


More in Social Affairs

New virus cases reach two-week high as concerns grow

Hoping to fail

Case wrapped up on famous serial killings of 1980s

Jump in Gwangju Covid-19 cases worries health officials

Choo shuts down prosecutor general's probe

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now