Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Korean, Romanian leaders discuss defense tech, nuclear energy

    Korean, Romanian leaders discuss defense tech, nuclear energy
  2. 2

    Yoon’s jailed mother-in-law excluded from latest parole list

    Yoon’s jailed mother-in-law excluded from latest parole list
  3. 3

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
  4. 4

    Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns

    Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
  5. 5

    Korea’s homegrown nanosatellite successfully launches into space

    Korea’s homegrown nanosatellite successfully launches into space
  1. 6

    [Pressure points] Leggings in public: Fashion statement or social faux pas?

    [Pressure points] Leggings in public: Fashion statement or social faux pas?
  2. 7

    Nicaragua shuts down Seoul embassy

    Nicaragua shuts down Seoul embassy
  3. 8

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency
  4. 9

    SK hynix pledges W20tr to ramp up DRAM production at home

    SK hynix pledges W20tr to ramp up DRAM production at home
  5. 10

    SNU profs to suspend treatment for one day

    SNU profs to suspend treatment for one day
피터빈트

[Monitor] Govt. looks into status of self-employed Koreans

By Korea Herald

Published : Oct. 9, 2020 - 16:01

    • Link copied

According to a survey of self-employed people who went out of business this spring and participated in a state-sponsored recovery program, it took them an average of 6.4 months to go bankrupt from the initiation of their entrepreneurship.

The survey by Small Enterprise and Market Service looked at 400 self-employed people whose businesses had failed between April 20 and April 29, and was released by Rep. Ku Ja-keun on Thursday.

Upon bankcruptcy, these self-employed people on average had an outstanding debt of 40.3 million won ($34,700).

(khnews@heraldcorp.com)

More from Headlines