Public Support for Looser COVID Precautions
Despite high rates of transmission, South Korea plans to loosen COVID restrictions in line with public sentiments.
Despite high rates of transmission, South Korea plans to loosen COVID restrictions in line with public sentiments.
Existing internet ecosystem helped the private sector expand e-commerce services and respond to unexpected consumer needs.
Korean exporters are struggling to keep up as shipping and transport networks prioritize larger-scale shipments from China.
Difficulties created by the prolonged pandemic creates tensions between shop owners and public health authorities.
The Korean government has not decided whether to protect private sector entities that employ the most workers or contribute to overall economic growth.
With the small firms under economic pressure, the lawmakers look for space to roll back some of the promises made to employees on maximum working hours.
The future of Korea’s economy may depend on SMEs (Small and Medium sized Enterprises) just as much as is does on the large traditional companies, the chaebol.