
Busan SMEs Struggle with Profit Declines Amid Rising Raw Material Costs
Busan, South Korea – The sharp rise in the U.S. dollar-South Korean won exchange rate has placed significant financial strain on businesses in Busan, particularly those heavily reliant on imported raw materials. According to a recent emergency survey conducted by the Busan Chamber of Commerce and Industry, companies in the steel, food, and chemical sectors are facing increasing operational challenges as import costs escalate. With many commodities priced in USD, businesses are now paying substa










