Number of new companies falls in 2015 amid protracted economic slump
Dec. 23, 2016
The number of newly established companies in South Korea fell slightly last year amid a protracted economic slump, government data showed Friday.Some 813,000 new businesses were created in 2015, down 30,000 from 843,000 tallied a year earlier, according to the data compiled by Statistics Korea.They took up 14.6 percent of the 5.55 million "operational companies" doing business in South Korea last year, down from 15.2 percent in 2014.The number of firms that closed in 2014 rose by 112,000 to 777,