SEOUL — You Young-sik has tried his luck running businesses, but when his convenience store, a sausage factory and a second-hand furniture shop all failed, he realised he had found a niche, one that he understood well: helping people go out of business. You says he is now busier than ever, due to the resurgence in coronavirus, tearing down sign boards and cash registers at shuttered hair salons, BBQ buffets and other places whose business model is based around human contact. “This is my busiest year so far, having done this for 10 years. Inquiries are about four to five times higher,” said 54-year-old liquidation specialist, who added that his business started taking off about two years ago as a street-level economic downturn began. “I can’t do them all but I still take about twice the work I used to, which is why I need to head out at 4 or 5 in the morning,” said You in the city of Suwon, south of Seoul, as he answers telephone calls and tightens ropes around tables and chairs on his truck. Tough social distancing rules to curb a second wave of coronavirus have markedly slowed retail traffic and emptied cafes across… Read full this story
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