small and medium enterprise Archives

S. Korean Biz Survival Rate Lower than EU

SEOUL, Sept. 20 (Korea Bizwire) — South Korean small and medium enterprises (SMEs) have a lower survival rate than their European Union counterparts with some 6 out of 10 surviving more than one year and less than 30 percent past five years, data showed Wednesday. A total of 62.4 percent of Korean companies remained opened [...]

Most SMEs in Korea Against Foreign Worker Levy

SEOUL, Mar. 21 (Korea Bizwire) — Most small and medium enterprises in South Korea are against the government’s push to adopt the foreign worker levy, citing an increased financial burden and questioning its effect in boosting the employment of domestic jobseekers, a survey showed Sunday. The government plans to introduce a new levy system, in [...]