Market conditions shows almost 30% of businesses were unsure if their business could withstand the next 12 months   According to the Retail Radar(Business survey) report, it was revealed that almost 30% of businesses are not confident that they can survive for the next 12 months. According to quarterly surveys, 44% of retail stores did…

Recession to be deeper, longer than expected, ASB bank predicts   The potential recession could be deeper and more prolonged than previously thought, with the economy forecast to contract at levels last seen during the global financial crisis (GFC). ASB predicted the economy would contract about 2 percent by early next year – that’s more…

Food prices rise 12.1% in March compared to a year ago   According to the food price index released by Statistics Korea on April 17th, food prices rose by 12.1% in March compared to March 2022. In particular, non-durable goods, which have the greatest impact on food prices, rose by 14%, which had the greatest…