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S. Korea fitness craze meets reality as gyms shut down in record numbers

The article from MSN discusses the current downturn in South Korea's fitness industry, where despite a previous boom in gym memberships and fitness culture, there has been a significant increase in gym closures. This trend is attributed to several factors including economic pressures, changing consumer behaviors, and the aftermath of the global health crisis. Previously, South Korea saw a surge in fitness enthusiasm, with gyms becoming social hubs and fitness influencers gaining popularity. However, the economic recovery post-COVID has been challenging, with rising costs and a shift towards home workouts reducing the demand for traditional gym memberships. The article highlights that over 1,000 gyms closed in the last year, a stark contrast to the industry's growth in the past. This situation has led to a reevaluation of business models in the fitness sector, with many gyms now focusing on digital offerings or niche markets to survive.

Read the Full MSN Article at:
[ https://www.msn.com/en-ph/health/fitness-and-exercise/s-korea-fitness-craze-meets-reality-as-gyms-shut-down-in-record-numbers/ar-AA1yrsl9 ]