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South Korean Music Retailers Dying

Posted by timothy on from the buggywhip-makers-dying-in-streets dept.

terrymaster69 writes "According to this Reuters feature, 95% of South Korean music retail businesses have failed in the last year. 'While South Korea is not alone in seeing a downturn, the drop has been greatly accentuated and particularly deep because of the country's high-speed Internet access and a youth culture that uses some of the most sophisticated gadgets available.' Is this really a problem or just a natural progression?"

5 of 568 comments (clear)

  1. Really? by Xpilot · · Score: 4, Funny

    Did Netcraft confirm it?

    *ducks*

    --
    "Backups are for wimps. Real men upload their data to an FTP site and have everyone else mirror it." -- Linus Torvalds
  2. This is enough for RIAA... by freedom_india · · Score: 3, Funny
    This news is enough for RIAA:
    They will start a fresh more intensive drive to put the falling sales on "piracy" and "file sharing"...

    RIAA will portray musicians as starving somalis who have to sell their souls to lawyers to fight for them...

    INDUCE act will be reintroduced by Orrin Hatch and will be passed by 284-0

    --
    "Doing what i can, with what i have." ~ Burt Gummer
  3. That's it... by polecat_redux · · Score: 4, Funny

    ...Kim Jong Il has gone way too far now. It was one thing when he was developing nuclear weapons (hell, the US didn't seem to care), but now he's killing the South Korean recording industry? For shame.

  4. It all depends... by OpenSourced · · Score: 5, Funny

    Is this really a problem or just a natural progression?

    Well, much depends on if you are a Korean music retailer or not.

    --
    Rome taught me patience and assiduous application to detail. Virtues which temper the boldness of great, general views.
  5. Horse Troughs by carcosa30 · · Score: 3, Funny

    In Other News, the Horse Trough Industry Association moved today to criminalize the use of the automobile.

    "Automobiles are infernal machines that stink, make noise and are cutting into our bottom line," Christopher Fisk, barrister for HTIA, said earlier this afternoon.

    HTIA is pressing legislation to impose tough penalties on non-horsetrough users.

    --
    Intolerance for ambiguity is the mark of the authoritarian personality.