|Googling took me to an info page for small business opening (ch'angôp) at Yonhap News of all places (or perhaps not; it's clearly competing with newspaper and economy paper sites in this). For some strange reason, the English equivalence of ch'angôp (創業) is given only as "Foundation." The site itself seems to be full of useful info for |
small business aspirants; small businesses in Korea are getting constantly reproduced, new items are developed or introduced from abroad, and there are eager entrants. Even in a not-so-affluent neighborhood in Sillim-dong in Seoul where I've been following things for several years, emptied shop spaces get a new tenant usually very soon. (Even neighborhood "supermarkets", which are not supposed to survive at all, find a new keeper, except for the smallest ones.)
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Here are pics of a shop space in a Sillim-dong street. In each of the three visits after '99 there's been a new business in the place; the pork hock (?) (chokpal) place closed in late '99, and in early 2000 the owners of the house (who themselves had a book shop at the other end) were keeping a "dance room" there. In 2001 (no pic), there was a game room, which didn't do well at all. And in 2002, a hairdressing shop had opened in the place (the owner of which was able to pay the rent).