Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
Medical reform committee kicks off despite boycott from doctors
-
3
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
4
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
5
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
6
DP leader says he will meet Yoon without conditions
-
7
Over 9,000 hotline calls made by stalking victims in 2023
-
8
Monthly users on local streaming platforms outpace Netflix, Disney+
-
9
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
-
10
Seoul to promote luxurious side of the city
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
The number of newly established companies in South Korea declined nearly 10 percent in the first half of the year due to a one-off factor, government data showed Monday.
A total of 730,260 new businesses were set up in the January-June period, down 9.8 percent from a year earlier, according to the data from the Ministry of Small and Medium-sized Enterprises (SMEs) and Startups.
The ministry attributed the drop to a base effect. A year earlier, there was a sharp increase in the number of real estate firms in the wake of a requirement for the registration of rental business operators.
The number of real estate companies tumbled 45.1 percent on-year in the first half due to the base effect.
Excluding the property sector, the number of newly opened companies increased 10.2 percent from a year earlier.
The number of newly established retailers and wholesalers jumped 18.3 percent on-year in the six-month period, with that of restaurants and other hospitality firms rising 1.8 percent, according to the data. (Yonhap)
A total of 730,260 new businesses were set up in the January-June period, down 9.8 percent from a year earlier, according to the data from the Ministry of Small and Medium-sized Enterprises (SMEs) and Startups.
The ministry attributed the drop to a base effect. A year earlier, there was a sharp increase in the number of real estate firms in the wake of a requirement for the registration of rental business operators.
The number of real estate companies tumbled 45.1 percent on-year in the first half due to the base effect.
Excluding the property sector, the number of newly opened companies increased 10.2 percent from a year earlier.
The number of newly established retailers and wholesalers jumped 18.3 percent on-year in the six-month period, with that of restaurants and other hospitality firms rising 1.8 percent, according to the data. (Yonhap)
