3,259 businesses were dissolved or temporarily ceased operations in the first two months this year.
According to the Ministry of Planning and Investment (MPI)’s Business Registration Management Department, 1,664 businesses were dissolved and 1,595 businesses temporarily ceased operations.
This is the first time the department has publicized the number of businesses dissolved and it now plans to release such information on a monthly basis.
In 2011, 7,611 businesses were registered to go bust, whereas 53,792 were categorised as having to temporarily cease operations or delay tax payments