SEOUL, Dec. 30 (Korea Bizwire) — The number of business owners in their 60s and over sharply increased last year as the number of people starting their own businesses after retirement has increased. According to a report released by Statistics Korea on Tuesday, the number of private businesses totaled 4.18 million last year, up 1.8 [...]
SEOUL, Nov. 6 (Korea Bizwire) — The majority of self-employed business owners started their business based on a small amount of initial capital, and with only a short period of preparation. According to Statistics Korea, 70 percent of self-employed business owners starting a business in the last 12 months had initial capital of less than [...]
SEOUL, Aug. 23 (Korea Bizwire) — Debt recovery applications are spreading among vulnerable members of the population including retired seniors, business owners, day laborers, and the jobless. The Credit Counselling & Recovery Service reported that 4,910 small business owners had applied for debt recovery this year as of July. The number of applications decreased between [...]
SEOUL, Sept. 10 (Korea Bizwire) — According to suicide rates, lower-income male business owners in their 40s and 50s were found to have a dangerously low quality of life. This is according to the results of a study announced at a policy workshop hosted by Seoul National University’s Center for Distributive Justice yesterday. Professor Lee [...]