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Asia Insight

Emporium of broken dreams: Inside South Korea's chilly economy

Store that sells failed entrepreneurs' equipment does brisk business

STEVEN BOROWIEC, Contributing writer | South Korea

ANSAN, South Korea -- In a country long beset by sluggish economic growth, one couple has found a booming niche rounding up and reselling the pieces of entrepreneurs' broken dreams.

In Ansan, a working-class city south of Seoul, Jung Yeon-hwa and her husband, Park Je-won, buy equipment from small businesses that go under -- mostly restaurants, convenience stores and small retailers -- and then resell the items to people looking to open similar ventures. Their store, called Gabbujubang, employs a staff of about 10.

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