
Busan Small Businesses Struggle Amid Rising Closures and Vacancies
Busan, South Korea – Busan’s small business sector is grappling with a critical downturn as restaurant closures surge and commercial vacancy rates climb across the city. More than 2,100 restaurants have closed their doors this year alone, representing a 75% increase compared to last year’s figures, leading to vacant storefronts in previously bustling districts. Recent data illustrates the sharp rise in both closures and vacancies. In Nampo-dong, one of Busan’s iconic shopping areas, the vacancy










