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South Korea's Gym Closures Surge 26.8% in 2024

2/5/2025

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Summary

Story summary

South Korea's fitness industry is in turmoil, with a staggering 553 gyms shutting their doors in 2024—a 26.8% spike from the previous year. This wave of closures eclipses those seen during the Covid-19 pandemic. As small gyms battle against low-cost chains, many face financial ruin, leaving loyal customers in the lurch without refunds amid rising fraud complaints.

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Story summary

South Korea's fitness industry is in turmoil, with a staggering 553 gyms shutting their doors in 2024—a 26.8% spike from the previous year. This wave of closures eclipses those seen during the Covid-19 pandemic. As small gyms battle against low-cost chains, many face financial ruin, leaving loyal customers in the lurch without refunds amid rising fraud complaints.