According to data from the National Tax Service cited by The Korea Herald, the number of registered karaoke businesses nationwide in South Korea stood at 23,741 in September, down 1,192 or 4.78% from 24,933 in the same period last year. In 2016, the figure was 32,500. The report cited analysis from consumer research scholars suggesting that a decrease in corporate company dinners may be one of the contributing factors.