Record number of newly established firms recorded in Q1

Arirang News 2019-05-08

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1분기 신설법인 0.8% 증가…역대 분기 최고기록

A record number of new companies opened in Korea in the first quarter amid steady growth in the service sector.
According to the SMEs ministry, just under 27-thousand new firms were established - an on-year rise of nearly one percent.
Wholesale and retail businesses took up most of the newly founded companies, followed by manufacturing firms.

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