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[Monitor] More small and mid-sized firms struck by COVID-19

Proportion of SMEs affected by COVID-19 fallout

More than 70 percent of small and mid-sized companies here said they were facing difficulties amid the nationwide spread of COVID-19, according to a survey conducted by the Korea Federation of SMEs.

The survey on 300 small and mid-sized companies showed that 70.3 percent of them said that they are having difficulties in their operation due to the viral outbreak.

Of them, 72.3 percent were import-export firms, while 67.6 percent were local service businesses.