According to data released by the Fair Trade Commission on March 19, the closure rate of franchise business in Korea reached 12.0 percent in 2015, up 1.1 percentage points from 10.9 percent in 2014. This figure is the highest in history.
In contrast, the opening rate of franchise business dipped by 4.7 percentage points from 25.6 percent in 2014 to 20.9 percent.
During this period, the number of franchise restaurants that were closed totaled 13,241, up 18.7 percent from 11,158 in 2014. In other words, as many as 36 franchise restaurants shut their doors per day during the period.
By business type, Korean restaurants came on top with 2,805, followed by fried chicken places with 2,793, bars with 1,657, noodle stalls with 1,375, coffee shops with 1,082, and fast food restaurants with 567.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip