Extra! Korea

May 14, 2009

Come for the beer. Stay for the whores.

Filed under: economics, prostitution — extrakorea @ 12:59 pm

The Chosun Ilbo has a piece on how even the world’s oldest profession, which is usually immune to recessions, is also feeling the effects of the global economic downturn. For whatever reason, they focused upon two nations which are usually better known for their beer.

The London Independent recently reported that sex workers in Germany, where prostitution is legal, are taking various recession-busting measures. Growing numbers of brothels are employing modern marketing strategies and offering discounts to taxi drivers who bring in customers. The red light district in Hanover has turned to aggressive marketing after revenue dropped by over 30 percent compared to last year.

The Czech Republic, which has one of the largest sex tourism industries in Europe, has been hit badly by the recession. According to a survey firm in Prague, 60 percent of the money spent in the country by foreign tourists comes from the sex industry, but since the largest customer groups — English and German men — were dwindling, the recession has hit the Czech sex industry hard.

Maybe they’re just uppity because Kohlberg Kravis Roberts plans to buy Oriental Brewery, the makers of OB beer, from Anhueser-Busch InBev.

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