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how can Korean restaurants stay in business?

 
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ohahakehte



Joined: 24 Aug 2003
Location: The State of Denial

PostPosted: Sat Oct 02, 2004 8:13 pm    Post subject: how can Korean restaurants stay in business? Reply with quote

i think its amazing how many korean restaurants which only have a few things on the menu (like a kalbi joint or some seafood places) can stay in business while their highest prices are like 15,000 won. can they stay in business because they get so many customers? do they get government subsidies?

theres no way restaurants like that would stay in business long in canada. they'd have to charge high prices for everything on the menu or start attracting droves of customers.
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The Cube



Joined: 01 Feb 2003

PostPosted: Sat Oct 02, 2004 9:00 pm    Post subject: Reply with quote

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Last edited by The Cube on Sat Nov 29, 2008 6:18 pm; edited 1 time in total
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Sat Oct 02, 2004 9:00 pm    Post subject: Re: how can Korean restaurants stay in business? Reply with quote

ohahakehte wrote:
i think its amazing how many korean restaurants which only have a few things on the menu (like a kalbi joint or some seafood places) can stay in business while their highest prices are like 15,000 won. can they stay in business because they get so many customers? do they get government subsidies?

theres no way restaurants like that would stay in business long in canada. they'd have to charge high prices for everything on the menu or start attracting droves of customers.


I've noticed a lot of Chinese restaurants in small cities in Canada that never seem to have many cars in the parking lot but have been there forever.

I think the short answer is low labor costs, low taxes (or easy tax avoidance), and low rents help make it a go.
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Gollum



Joined: 04 Sep 2003
Location: Japan

PostPosted: Sun Oct 03, 2004 12:02 am    Post subject: Reply with quote

I know of at least one bar in Itaewon that hardly gets any customers. I went out on a few buddy-dates with the owner, and learned quickly that there were mob guys dropping in handing her big wads of like 5 million won at a time on a regular basis.

Pretty obvious she is a money-laundering joint.
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djsmnc



Joined: 20 Jan 2003
Location: Dave's ESL Cafe

PostPosted: Sun Oct 03, 2004 12:13 am    Post subject: Reply with quote

In Jong-ro and elsewhere, I've noticed that a lot of said restaurants go under within a year. Or, like the Supa owners, they seem to make just enough profit to hang on and support the family.
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Randall Flagg



Joined: 01 Oct 2004
Location: Talkin' trash to the garbage around you

PostPosted: Sun Oct 03, 2004 6:27 am    Post subject: Reply with quote

I can't understand how all the small, no-name supermarkets can stay in business. In my area there are 3 identical stores side by side. They all sell the same things at the same prices. All seem to never have any customers. How do they stay alive??

I always try to shop at these small family owned establishments rather than the franchises.
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sadsac



Joined: 22 Dec 2003
Location: Gwangwang

PostPosted: Sun Oct 03, 2004 7:08 am    Post subject: Reply with quote

As a previous poster stated, they live at the back of the restaurant, family staff it and the cost of goods is nowhere as high as in the west. Most do only specialise in a few dishes and they do them well. Koreans don't sit and chat after a meal, they eat and go, so turnover can be high without it being very noticable. Smile
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Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994

PostPosted: Sun Oct 03, 2004 1:57 pm    Post subject: Reply with quote

There is a huge amount of UNDERemployment in this country. One member of the family has a job and basically supports the family; the other parent runs a restaurant or mom & pop store on a shoe string budget and makes a small profit sometimes.

And no one in the family gets a million won a month to fritter away, like we way-gookins do.
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