Open-and-shut case: Self-employed report terrible 2024
Published: 25 Feb. 2025, 18:07
![A pedestrian in Seoul on Feb. 25 walks past a vacant retail property, which previously contained a store that opened in September 2022 but closed only three years later. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/02/25/3d37415c-50d6-494c-a582-ad93368ae806.jpg)
A pedestrian in Seoul on Feb. 25 walks past a vacant retail property, which previously contained a store that opened in September 2022 but closed only three years later. [YONHAP]
A pedestrian in Seoul on Feb. 25 walks past a vacant retail property, which previously contained a store that opened in September 2022 but closed only three years later.
According to a Federation of Korean Industries survey of 500 self-employed people, sales and net income deteriorated significantly last year. The same demographic experienced a steep surge in debt defaults, hitting 155,060 in 2024.
![A pedestrian in Seoul on Feb. 25 walks past a vacant retail property, which previously contained a store that opened in September 2022 but closed only three years later. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/02/25/20c92a6f-5978-4a25-8a35-638fbb1f902c.jpg)
A pedestrian in Seoul on Feb. 25 walks past a vacant retail property, which previously contained a store that opened in September 2022 but closed only three years later. [YONHAP]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)