PHOTOS: Outlook worsens for small businesses, traditional markets

SEOUL, June 04 (AJU PRESS) - The perceived economic outlook of small businesses and traditional markets has deteriorated for the second consecutive month.

According to a report released by the Small Enterprise And Market Service on June 3, the business sentiment index (BSI) for small businesses in June was 67.4, down 7 points from the previous month. The BSI for traditional markets in June was 63, down 3.7 points from the previous month.

A BSI reading above 100 indicates that more firms believe business conditions have improved, while a reading below 100 indicates that more firms believe business conditions have deteriorated.

The survey was conducted among 2,400 small businesses and 1,300 traditional market businesses nationwide from May 18-22.

A vendor waits for customers at a traditional market in Jongno-gu Seoul June 4 2024 AJU PRESS Kim Dong-woo — A vendor waits for customers at a traditional market in Jongno-gu, Seoul, June 4, 2024. AJU PRESS Kim Dong-woo

Citizens walk past a shop at a traditional market in Jongno-gu Seoul June 4 2024 AJU PRESS Kim Dong-woo — Citizens walk past a shop at a traditional market in Jongno-gu, Seoul, June 4, 2024. AJU PRESS Kim Dong-woo

Citizens walk past a shop at a traditional market in Jongno-gu Seoul June 4 AJU PRESS Kim Dong-woo — Citizens walk past a shop at a traditional market in Jongno-gu, Seoul, June 4. AJU PRESS Kim Dong-woo

A stall sits empty at a traditional market in Jongno-gu Seoul June 4 2024 AJU PRESS Kim Dong-woo — A stall remains empty at a traditional market in Jongno-gu, Seoul, June 4, 2024. AJU PRESS Kim Dong-woo

A citizen walks pass by a shop at a traditional market in Jongno-gu Seoul June 4 2024 AJU PRESS Kim Dong-woo — A man walks by a shop at a traditional market in Jongno-gu, Seoul, June 4, 2024. AJU PRESS Kim Dong-woo

Kim Dong-woo dong@ajupress.com

PHOTOS: Outlook worsens for small businesses, traditional markets

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