Sales of restaurants in major commercial districts in Seoul
A clear decline this year
Seoul restaurant sales in the second quarter of this year
A decrease of approximately 68.8 billion won compared to the previous year
Number of restaurants
161,242 places in 2023> 157,108 places this year
nationwide
Food service industry sales decreased by approximately 3%
Overall sales in the Korean general food industry decreased by an average of 3.9%.
Processed food and food material price index
Increased by more than 4% compared to the previous year
Labor costs and rents also rise
The number of self-employed people nationwide has decreased by about 200,000 in the past year.
The number of small business owners reporting business closures exceeded 1 million last year.