In news which will make RIAA bosses grind their teeth with jealous frustration, South Korea is bailing out its music industry:
The Culture, Sports and Tourism Ministry said it would create a Korean version of the US Billboard Charts and a K-pop award evoking the Grammys in a bid to "globalise" the country's pop music.
Oh, yes. Hold an event a bit like the Grammys. That'll get everyone's attention worldwide. Or at least locally. They can have Kelly Osbourne to present it, if they like.
The ministry will also support 35,000 noraebangs -- karaoke bars without alcohol -- across the country by providing karaoke equipment.
State-sponsored karaoke. That's got to be the way ahead, right?
Although, um, is it going to help sell music if you encourage everyone to go down the karaoke bar and sing for themselves?