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Small Business Owners Suffer From Poor Quality of Life

Small Business Owners Suffer From Poor Quality of Life

SEOUL, March 5 (Korea Bizwire) — Despite growing awareness of the importance of work-life balance, owners of small businesses have a poor quality of life, a study published on Monday has revealed. According to the study conducted by the Korea Federation of SMEs, South Korean small business owners work six days a week, 11 hours a [...]

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 [...]