BUSINESS

[Monitor] SMEs anticipate financial problems during Chuseok

By Korea Herald
  • Published : Sept 18, 2017 - 16:26
  • Updated : Sept 18, 2017 - 16:26

Nearly half of surveyed small and medium-sized enterprises anticipate financial problems during the 10-day holiday that includes Chuseok in early October, according to the Korea Federation of Small and Medium Business.

Of the 1,147 SMEs, 46 percent said they anticipate facing financial problems mainly due to a drop in sales (69.1 percent), delayed collection of payments (37.7 percent) and a rise in raw material prices (23.1 percent).