Small businesses considering closure due to COVID-19 South Korea 2021

Published by L. Yoon, Apr 19, 2022
According to a survey conducted in South Korea in July 2021, about 33.3 percent of small business owners stated that they are considering closing their business either temporarily or permanently due to COVID-19 regulations. About 24 percent even indicated that they were seriously considering doing so.

Share of small enterprises considering closing their businesses due to COVID-19 regulations in South Korea in 2021

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Release date

July 2021

Region

South Korea

Survey time period

July 12 to 15, 2021

Number of respondents

300 small enterprises

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Key indicators

7

Employment

6

Businesses

6

Household finances

7

E-commerce

5

Trade

6

Tourism

5

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Topics

Economic impact of the coronavirus (COVID-19) in South KoreaTourism industry in South Korea Online grocery shopping in South KoreaCoronavirus (COVID-19) in South KoreaShopping behavior in South Korea
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