Making Business Finance Understandable for Everyone
Real stories and practical guidance from the world of small business finance in South Korea's dynamic market
We've been talking with business owners across Jeonju about cash flow management. And honestly? Most of what you read online doesn't match what actually happens when you're running a small operation in South Korea.
Take payment terms. Theory says 30 days is standard. But three café owners told us their suppliers want payment within two weeks, while their B2B customers take 45 days to pay. That's not a cash flow problem — that's a structural challenge that needs a specific approach.
The businesses managing this well aren't using complex software or expensive consultants. They're doing something simpler: tracking weekly instead of monthly, keeping a rolling 90-day forecast visible, and having honest conversations with both suppliers and customers about timing.
Continue reading →Quick reads on topics that matter to business owners right now
Most business budgets get created once and ignored. We looked at what makes some owners actually reference their budgets throughout the year.
It's less about revenue numbers and more about these three specific situations that signal you need dedicated financial support.
Mark these dates now. VAT filing is May 25th, and corporate tax prep should start by early June if your fiscal year aligns with the calendar.
Finance Advisor
After working with over 50 small businesses in Jeollabuk-do, I've noticed something interesting. The owners with the least financial stress aren't the ones with the most money — they're the ones with the clearest systems.
If you're in the Jeonju area and want to talk about getting these basics solidified, we run informal workshops starting in September 2025. No complex theory — just practical approaches that fit how small businesses actually operate here.
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