From Coin Rooms to Luxury Lounges: The Business Model Fuelling Gangnam’s Karaoke Boom
Late on a Saturday, two university friends squeeze into a booth scarcely larger than a wardrobe, drop a 500-won coin into the slot, and belt a NewJeans chorus that lasts three minutes. A few blocks away, a celebrity manager ushers clients into a gold-trimmed lounge where the hourly bill rivals that of a five-star hotel [...]