(Photo = Yonhap news)

 

[Alpha Biz= Reporter Kim Minyoung] A big data analysis showed that the closing rate of restaurant companies exceeded 20% last year. This is higher than the COVID-19 period.

According to Pintech firm Pinda's big data business analysis platform 'Open Up' on the 29th, 176,258 out of 818,867 restaurants were closed last year, with a closing rate of 21.52%.

More than one out of five restaurants were closed, and the number of restaurants that closed last year jumped about 82.6% from 2020 (96,530) when the COVID-19 peaked. The closing rate also rose 4.57 percentage points from the previous year (16.95 percent).

The open-up survey classifies a company that had sales as closed if it had no sales for one year, even if it did not report its closure to the authorities. For this reason, it was higher than last year's closing rate (14.5%) announced by the Fair Trade Commission on the 8th.

By 17 cities and provinces across the country, the closure rate in Incheon and Daegu was the highest at 21.71%. Gwangju (21.68%) and Jeonbuk (21.55%) followed. Seoul, which had the highest closing rate in 2020, had the lowest closing rate of 18.99% last year.

Jeju saw the steepest increase in the closing rate compared to the COVID-19 period. Last year, Jeju's restaurant closure rate was 20.9%, nearly double that of 2020 (10.88%).

 

 

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