US EditionThe Quiet Death of Korea’s Local Economies
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The Quiet Death of Korea’s Local Economies
“It’s not about profits anymore. Survival is the goal.”That’s how one former café owner in Daejeon, South Korea, described the reality of running a small business in 2025. Her shop, once seen as a dream fulfilled after years of saving and government-backed startup programs, closed within six months. The rent was too high, foot traffic too low, and delivery app fees too punishing.Her story is not an outlier. Across South Korea, from urban alleys …
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