There is a wave of small business bankruptcies in South Korea, among which the retail, catering and education industries are the hardest hit. At present, almost 5.47 million small and medium-sized enterprises in South Korea have declared bankruptcy. Obviously, this has a great impact on South Korea, which has a small population. The impact of the epidemic is gradually unfolding, and the unemployment rate is very high. If SMEs go bankrupt again, the unemployment rate will increase even more. This will lead to great pressure on South Korea. After all, many people have lost their business, some people have lost their jobs, and society will become full of variables and complexity.

Because of the double infection of influenza and Covid-19, South Korea announced that the second wave of COVID-19 epidemic in South Korea had arrived. After that, South Korea's epidemic prevention measures were very strict again as at the beginning of the year, which led to the small and medium-sized enterprises that had a hard time catching their breath falling into crisis again. Many small and medium-sized enterprises have suffered serious losses in the first half of the year, and they are counting on the gains in the second half to make up for the losses in the first half of the year. As a result, the epidemic prevention measures have become stricter, and these small and medium-sized enterprises can no longer sustain themselves and can only declare bankruptcy.

There are a lot of bankruptcies in middle and lower enterprises, but they accidentally bring fire to bankruptcy liquidation companies and second-hand goods stores. According to the bankruptcy liquidation company, this year's business volume has reached about five times. I am too busy to eat, and it is difficult to complete the bankruptcy liquidation of SMEs. Although the company is very busy, he is not happy, which means that South Korea's economy will decline, which is not a good thing.

The reason why the education industry will be affected is mainly because during the epidemic period, the government stipulated that the number of teachers must be reduced to less than 11 according to epidemic prevention measures. There can only be ten students in a classroom, but the fees are unchanged. In this case, the school has lost the meaning of operation, and it will lose a lot of money. In desperation, some private schools can only regret declaring bankruptcy.