South Korea's Small Business Crisis: Closures Hit 12-Year High as Veteran Operators Shut Their Doors
South Korea's small business sector is facing its worst conditions in over a decade, with new startup figures hitting an 11-year low and the closure-to-startup ratio reaching a 12-year high — driven by prolonged inflation, weakening consumer spending, and the looming collapse of major retailer Homeplus.
4h ago3,694 views