Industry
Restaurants face worsening biz conditions
Dec. 5, 2016
South Korea's restaurant industry is suffering from worsening business conditions due to market saturation and a prolonged economic slowdown, government data showed Monday.The number of restaurants and pubs in Asia's fourth-largest economy stood at 650,000 as of end-2014, up 2.4 percent from a year earlier, according to Statistics Korea. This photo, taken on Oct. 5, 2016, shows a Japanese restaurant in Goyang, northwest of Seoul, empty following the implementation of a draconian anti-graft law.