9 out of 10 small business owners say ``Next year's business environment will be about the same as this year or negative'' - South Korea

It was found that 92.5% of South Korean small businesses expect next year's business environment to be about the same as this year or negative.
According to the Small and Medium Enterprise Federation on the 17th, the wholesale and retail trade, lodging and restaurant businesses, etc.
As a result of a survey conducted on ``Small Business Management Actual Conditions and Policy Issues'' targeting 1,000 small business owners in active industries and manufacturing industries, the majority (50.1%) disagreed about next year's business outlook.
I answered that it was definite. 42.4% of respondents expected the outlook to be about the same as this year, and only 7.5% answered positively.
This year's biggest management burden factor is high commodity prices, such as rising raw material costs.
(33.7%) was the most frequently cited answer. Rising labor costs and difficulties in supply and demand for human resources (21.8%), high interest rates, loan repayment burden and maturity (18.3%), energy costs such as electricity and gas rates
This was followed by (5.9%). When asked if they had any plans to close their business within a year, 82.9% of respondents said they had no plans. The percentage of respondents who are thinking about it is 5.2%.
11.9% of respondents said no. The Japan Federation of Small and Medium Enterprises Association (SME Central Association) found that the reason why 89.0% of small business owners cited difficulty in finding employment or preparing for retirement was due to the fact that they started their businesses for a living.
I explained that I could see it. The average monthly sales of surveyed small businesses from January to October this year was 46.1 million won (approximately 5.02 million yen), operating profit was 5.07 million won (approximately 550,000 yen), and loan former interest redemption
The amount was 2.89 million won (approximately 320,000 yen). The average monthly loan former interest redemption amount for small businesses in the lodging and restaurant industry was 6.6 million won (approximately 720,000 yen), well above the average.
Additionally, the support policy most desired by small businesses was overwhelmingly, at 72.9%, the idea of overcoming business crisis through financial support, etc. Entrepreneurial small business development and digital transformation
This was followed by support for business change (12.7%), improvement of the hyper-competitive structure, closure of business, and support for restarting business (10.4%).