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.