Goodbye Boozy Dinners: Korean Business Braces for Corruption CrackdownBy
Companies face new restrictions on entertainment spending
Some policy makers say the law could slow economic growth
Extravagant dinners with whiskey and wine, golfing weekends, pricey beef and seafood gift sets. South Korean companies are trying to figure out how to do without these common forms of business hospitality before the nation’s toughest-ever anti-graft law takes effect next month.
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