April 27, 2024
Economy
[GRAPHIC NEWS] 1 in 5 new business opened by young entrepreneurs
[THE INVESTOR] One in 5 new businesses that opened last year were owned by young people (classified as those in their late teens, 20s, 30s), data by the National Tax Service showed.
The most preferred establishments were mail-order businesses, restaurants and commodities brokerages.
A majority, or 56.7 percent, of the young and new business owners were men. But there were more women among new business owners aged 20 and 21.
By sustainability, manufacturing businesses had the longest rate of 40.7 percent, followed by health-related (40.3 percent), construction (35.4 percent) and wholesale (32.6 percent) businesses. Restaurants showed the lowest sustainability of 15.5 percent.
 |
