South Korean companies allocated nearly 600 billion won to adult entertainment venues during 2024 through corporate credit cards. Representative Kim Young-jin from the National Assembly Strategy and Finance Committee disclosed these figures based on National Tax Service records. Room salons received 328.1 billion won, representing 55 percent of total adult entertainment expenditures. The spending formed part of broader client hospitality expenses that reached 16.2 trillion won.
Tax regulations allow businesses to deduct certain hospitality costs from taxable income within revenue-based limits. Companies claimed 11.1 trillion won as deductible entertainment expenses, while 5 trillion won exceeded allowable thresholds. The 2024 total...