ZCZC
BCN-25
S.KOREA-ECONOMY-GROWTH-H1
S.Korea’s startup growth continues in H1
SEOUL, Aug. 6, 2018 (BSS/Xinhua) – Startup growth in South Korea continued
in the first half of this year due to an increase in the launch of the
wholesale and retail businesses, a government data showed Monday.
The number of companies newly registered with the court as a corporate
body stood at 52,790 in the January-June period, up 6.8 percent from a year
earlier, according to data from the Ministry of Small and Medium-sized
Enterprises (SMEs) and Startups.
The launch of new startups in the first half kept an upward trend from
37,913 in 2013 to 41,485 in 2014, 46,418 in 2015, 48,263 in 2016 and 49,424
in 2017, respectively.
The newly launched companies in the wholesale and retail sector was 12,014
in the first half, taking up 22.8 percent of the total. It was followed by
the manufacturing sector which created 9,145 startups, or 17.3 percent of the
total. New companies in the construction industry was 5,649, or 10.7 percent
of the total, in the first half. The real estate industry created 4,973
startups, or 9.4 percent of the total.
BSS/XINHUA/HR/1310