Representatives of the Korea Federation of Micro Enterprise meet the press at the Seoul Administrative Court in Seoul, South Korea, 05 August 2026. The gathering of small enterprises and mom-and-pop store owners launched an administrative lawsuit against the government’s notice of the following year’s minimum wage. Photo by YONHAP / EPA
Aug. 30 (Asia Today) — South Korea’s leading small-business association welcomed a government debt-relief package aimed at easing the financial burden on struggling merchants and helping them recover from the lingering effects of the COVID-19 pandemic and weak domestic demand.
The Korea Federation of Micro Enterprises said Friday that government plans to restructure long-overdue debt incurred by…