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Important business challenges for SMEs in South Korea 2018

Most important challenges that small and medium-sized business owners face in South Korea as of April 2018

The data depicts the most important challenges that small and medium-sized business owners face in South Korea as of April 2018. During the surveyed period, 63% of respondents replied both with increasing revenue and attracting customers as the major challenges.

Increasing revenue	63
Attracting customers	63
Maintaining profitability	56
Securing financing for business as usual	44
Retaining/recruiting skilled employees	39
Securing financing for expansion	35
Uncertainty over economic conditions	31
Developing new products/innovation	27
Selling to foreign markets	18
Finding/working with suppliers	18
Tax laws and rules	16
Other government regulations	15

Important business challenges for SMEs in South Korea 2018

StatInvestor