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Social distancing, minimum wage hike drive small businesses to brink

Social distancing, minimum wage hike drive small businesses to brink
Posted : 2021-07-17 09:12
Updated : 2021-07-17 09:12
Only three customers dine at a restaurant in Incheon on July 12, the first day of the Level 4 social distancing measures. Yonhap
By Yoon Ja-young
With the COVID-19 pandemic continuing for more than a year now, there seems to be no way out for small business owners. The recent re-imposition of strengthened social distancing measures amid a fourth wave of the pandemic, and the increase in the minimum wage, are adding to their concerns.
Most of the evening customers used to come in groups of three or four. I have been maintaining the business thanks to our loyal customers, but I don t think things will be sustainable if the Level 4 distancing measures continue, said Ji who runs a restaurant on Yeouido, Seoul. ....

Soult Ukpyolsi , South Korea , Inch On Gwangyoksi , Yoon Ja Young , Jeon Kang Sik , Research Coordination Department , Korean Confederation Of Trade Unions , Korea Economic Research Institute , Korea Food Service Industry Association , Korea Small Business Institute , Seoul Institute , Wage Council , Choo Kwang Ho , Shinhan Card , Minimum Wage Council , Korean Confederation , Trade Unions , President Moon Jae In , Sejong Government Complex , தெற்கு கொரியா , கொரியன் கூட்டமைப்பு ஆஃப் வர்த்தகம் தொழிற்சங்கங்கள் , கொரியா பொருளாதார ஆராய்ச்சி நிறுவனம் , கொரியா சிறிய வணிக நிறுவனம் , சியோல் நிறுவனம் , ஊதியம் சபை , சூ குவாங் ஹோ ,

SMEs express concern over 'vaccine leave' amid prolonged pandemic

SMEs express concern over vaccine leave amid prolonged pandemic
Posted : 2021-05-24 15:43
Updated : 2021-05-24 15:59
Over 1 million doses of the AstraZeneca vaccine are shipped out of SK Bioscience s manufacturing plant in Andong, North Gyeongsang Province, on May 17. SK group s pharmaceutical affiliate, SK Bioscience, is AstraZeneca s partner in the global supply of the COVID-19 vaccine. Yonhap
By Yi Whan-woo
Following a government recommendation, major conglomerates are introducing paid leave for workers getting vaccinated against COVID-19. But small- and medium-sized enterprises (SMEs) cannot afford to do so because of a shortage of manpower, financial constraints and other problems caused by the prolonged fallout from the coronavirus pandemic. ....

Kyongsang Namdo , South Korea , Kyonggi Do , Shin Yul , Myongji University , Lg Group , National Assembly , Ministry Of Health , Democratic Party Of Korea , Samsung Electronics , Lotte Group , Korea Small Business Institute , Korea Federation , Cj Group , North Gyeongsang Province , Central Disaster , Safety Countermeasure Headquarters , Moon Jae In , Statistics Korea , Korea Small Business , Democratic Party , Kim Won Yi , Infectious Disease Control , Jeon Yong Gi , Vaccine Leave , தெற்கு கொரியா ,

360,000 Workers at Smaller Companies on Furlough

February 23, 2021 11:20
More than 350,000 workers in small and mid-sized companies were furloughed last year due to slow business or halted production, 32 times more than in big businesses.
The figure confirms that smaller businesses bore the brunt of the coronavirus lockdown.
The Korea Small Business Institute on Monday said out of 750,000 workers furloughed last year in businesses employing fewer than 300 people, 48 percent or 360,000 were put on leave due to slow business or halted production, an almost eight-fold increase compared to the year before.
But in companies with more than 300 staff, only 86,000 workers were furloughed, and the proportion who lost their job for the same reason was just 12.8 percent or 11,000. ....

Korea Small Business Institute On , Korea Small Business Institute , Chosun Ilbo , Chosun Com , கொரியா சிறிய வணிக நிறுவனம் ஆன் , கொரியா சிறிய வணிக நிறுவனம் ,

Debate over dual-class shares reignites on Coupang IPO

By Nam Hyun-woo
Coupang s proposed plan to offer its shares on the New York Stock Exchange (NYSE) is rekindling a debate over the necessity of dual-class shares in Korea, where a one-share-one-vote regime is mandated.
Those supporting the dual-class system say it helps startups and venture companies raise investments without concerns about protecting their managing rights, while others argue the system would only assist Korea s family-owned companies long-time practice of controlling their corporate empire with a small stake.
Coupang filed for its initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to debut on the NYSE. In doing so, the company said it has no plans to file for an IPO in Korea. Though the company did not elaborate on its rationale for ignoring on the Korean bourse, industry officials say the company made the decision in order to issue dual-class shares. ....

South Korea , Carl Icahn , York Stock Exchange , National Assembly , Federation Of Korean Industries , Exchange Commission , Hyundai Motor Group , Korea Enterprises Federation , Korea Small Business Institute , Citizen Coalition For Economic Justice , Songpa District , New York Stock Exchange , Commerce Act , Sovereign Asset Management , Korean Industries , Economic Justice , தெற்கு கொரியா , கார்ல் இக்ஹ்ன் , யார்க் ஸ்டாக் பரிமாற்றம் , தேசிய சட்டசபை , கூட்டமைப்பு ஆஃப் கொரியன் தொழில்கள் , பரிமாற்றம் தரகு , ஹூண்டாய் மோட்டார் குழு , கொரியா நிறுவனங்கள் கூட்டமைப்பு , கொரியா சிறிய வணிக நிறுவனம் , குடிமகன் கூட்டணி க்கு பொருளாதார நீதி ,