SEOUL, Jan. 26 (Korea Bizwire) – The number of cinema closures soared to a 12-year high in 2020 in the wake of the coronavirus outbreak, data showed Tuesday. A total of 81 movie theaters closed shop across the nation last year, nearly double from the 43 shutdowns a year earlier, according to the data from [...]
SEOUL, Oct. 8 (Korea Bizwire) — Small merchants in South Korea close up shop nearly six months after their establishment due to mainly falling sales, a poll showed Thursday. The survey of 400 former small merchants across the nation showed that they were forced to go out of business an average of 6.4 months after [...]
SEOUL, July 2 (Korea Bizwire) — The number of restaurants, bars and coffee shops that have closed this year in downtown Seoul areas such as Gangnam and Jongro has risen sharply due to the outbreak of the coronavirus. According to an analysis of the Seoul Open Data Square’s data on the current state of food [...]