Financial Services » Banking » Startups in South Korea | South Korea: business exit reasons 2017

Business exit reasons in South Korea 2017

Reasons for South Korean entrepreneurs to discontinue their own businesses as of June 2017

The data shows the results of a survey asking South Korean entrepreneurs about the reasons for business exit as of June 2017. During the survey period, 57% of respondents replied that they discontinued their own businesses due to unprofitability.

Unprofitable 57
Personal reasons 17.4
Problems with finance 11.8
Bureaucracy 5.9
Another opportunity 4
Exit 2
Sold the business 2