self-employed Archives | Page 3 of 3 | Be Korea-savvy
Gov’t Policy for Self-employed Criticized for Errors, Missteps

Gov’t Policy for Self-employed Criticized for Errors, Missteps

SEOUL, Dec. 17 (Korea Bizwire) — The South Korean economy has one of the highest portions of individuals running their own stores and shops, and they are getting pushed to the brink by a slumping economy and policy missteps, market watchers said Monday. Data from Statistics Korea put the number of self-employed people at some [...]

Bank Loans Customized for Small Business Owners Revive the Main Street

Bank Loans Customized for Small Business Owners Revive the Main Street

SEOUL, Korea, April 30, 2014 (Korea Bizwire) – New loans offered by commercial banks to small business owners are gaining popularity. According to banking sources on April 29, “Neighborhood Loan” given out to self-employed businesspeople was sold 20.3 billion won in 544 cases as of April 22, with an outstanding loan balance at 15.4 billion [...]