Small Business Owners Operate 6.5 Years, Accumulate 100 Million Won in Debt Before Closure
SEOUL, March 20 (Korea Bizwire) – Owners of small businesses in South Korea typically operate for an average of 6 years and 6 months before closing shop, accumulating approximately 100 million won in debt during their business lifecycle, according to findings released today by the Korea Federation of SMEs. The data comes from a survey of [...]