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9 in 10 Small Business Owners Consider Downsizing After Minimum Wage Hike

9 in 10 Small Business Owners Consider Downsizing After Minimum Wage Hike

SEOUL, Aug. 3 (Korea Bizwire) — Small business owners in South Korea are making moves to adapt to the country’s new minimum wage hike, as a new survey shows nine in ten will downsize to offset the expected economic impact. The surprising findings from a survey conducted by the Korea Federation of Micro Enterprise last month [...]