SMEs collapsing due to virus
Posted : 2020-12-19 10:04
By Lee Kyung-min
A restaurant owner surnamed Jeong said his business in Myeongdong, Seoul, has no hope of recovery, with his debt snowballing.
"I thought August was the worst amid the second wave of the COVID-19 spread, but that is likely to be overshadowed by how I am doing over the next couple of weeks."
He, like many of his peers in the same in-person services business, can no longer see the point of keeping his business open, since the only certainty is that there will be no customers for the foreseeable future.