Tag - Korea tops in ratio of enterprises to GDP

Korea tops in ratio of enterprises to GDP

Korea is overflowing with small-scale and self-employed businesses amid a shortage of high-quality jobs, data showed Tuesday. According to a report released by the Organization of Economic Cooperation and Development, the ratio between the number of Korean enterprises and gross domestic product was higher than other OECD members. Korea had 3,300 enterprises per $1 billion of GDP, far higher than Spain’s 0.5, Turkey’s 1.8 and Canada’s 1.54. Experts attributed Korea’s high number of enterprises to the lack of high quality jobs [...]

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