small businesses Archives | Page 3 of 3

More Small Businesses Closed Than Opened Last Year

SEOUL, April 17 (Korea Bizwire) — During the latter half of last year, the number of business failures among self-employed South Koreans outstripped new business openings. According to a report from property research institute Research & Review, which was based on data from the Small Enterprise and Market Service, 2.5 percent of small businesses in the [...]

Gov’t Designation of SMB-only Business Areas Impacts Negatively on SMB Growth

SEOUL, July 20 (Korea Bizwire) – A study said the government’s regulation to designate industrial areas exclusively reserved for small- and mid-sized enterprises has not helped the companies since its introduction in 2011. According to a report authored by Professors Bin Ki-beom and Woo Seok-jin of Myongji University at the request of the Federation of Korean [...]