California Fitness files for bankruptcy
Thousands of Korean fitness enthusiasts were up in arms yesterday when a local chain of the California Fitness gym network failed to give refunds after going bankrupt and shutting down its operations. California WOW Xperience Korea, which started here eight years ago and ran four lavish gyms in Seoul and Daegu, North Gyeongsang, was suspended from banking activities on Monday by Korea’s credit regulator, which declined to give reasons for the bankruptcy.Yonhap
with the Korea JoongAng Daily
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