A latest survey in South Korea shows that nearly half of the small Dining and Lodging businesses in the country have suffered direct or indirect losses due to political turmoil, with events planned for the end of the year being abruptly canceled. South Korean government officials are urging the public to proceed with planned events to support struggling small businesses. According to a report by the Korea Times on the 16th, the Korea Federation of Small and Medium Enterprises conducted a questionnaire survey from the 10th to the 12th of this month across 248 restaurants and 257 inns nationwide. The survey results indicated that after the martial law incident on the 3rd, 46.9% of the responding businesses faced sudden cancellations of end-of-year event Orders or other types of losses. Among businesses not affected by the martial law incident, 46.6% expressed concerns about potential adverse impacts on their future Operation. Additionally, according to a survey conducted last week by the Korea Micro Enterprise Association involving more than 1,630 micro enterprise owners, this wave of political turbulence led to a decrease in foot traffic for 89.2% of the surveyed micro businesses and a decline in sales for 88.4%. These micro businesses span the Dining, Lodging, wholesale, and retail Industry. The association is calling on the government to take strong measures to support micro enterprises, such as tax reductions.
调查显示韩国近半数小型餐饮住宿企业因乱局蒙受损失
The survey shows that nearly half of the small Dining and Lodging businesses in South Korea have suffered losses due to the turmoil.
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