Posted inAT FinanceChinaMiddle EastNorth KoreaNortheast AsiaSouth AsiaSouth KoreaWorld

Moon signals policy shift by booting economic team

Storekeeper Lee Jong-won, 35 once dreamed of owning a chain of convenience stores in Ilsan, a pleasant, middle-class dormitory town on the outskirts of Seoul. Those dreams are now shattered. Retail is highly competitive, with tight margins, and Lee was in one of the most competitive sub-sectors: 24-hour convenience stores. Clearly, no entrepreneur can work […]