Why Do Retired Koreans Open Chicken Shops and Cafés?
Koreans leave salaried work around 50 and cannot draw a pension for a decade. Self-employment fills the gap, and 60 percent of those businesses close in five years.
Koreans leave salaried work around 50 and cannot draw a pension for a decade. Self-employment fills the gap, and 60 percent of those businesses close in five years.
Gwolligeum is key money paid by one Korean shop tenant to another, not to the landlord. Illegal to recognise until 2015, now protected by statute.