South Korean Restaurants Struggle to Survive as Delivery Costs Soar

SEOUL, Aug. 7 (Korea Bizwire) –  A wave of restaurant closures is sweeping across South Korea as small business owners grapple with rising inflation and escalating delivery fees. Despite government pressure to reduce commissions, the country’s leading delivery app, Baemin, announced an increase in its brokerage fees starting August 9, pushing many struggling entrepreneurs to the [...]