Published : 2013-12-25 20:31
Updated : 2013-12-25 20:31
The ratio of start-up firms to all active companies fell to 14.3 percent last year, the lowest since 2007, according to Statistics Korea. In contrast, the ratio of shuttered firms increased from 12.8 percent in 2010 to 12.9 percent in 2011. Government officials attributed the lackluster start-up business performance to the nation’s protracted economic slowdown.