Date: 2018-01-09 05:33
Support within Korean communities has contributed to the success of small businesses. Recent immigrants still use the ancient Korean loan system, based on the kye, a sum of money shared by a group of business owners. A new grocer, for instance, will be allowed to use the money for one year and keep the profits. The kye is then passed to the next person who needs it. Organizations like the Korean Produce Association in New York and the Koryo Village Center in Oakland, California, are another source of support for new immigrants hoping to set up their own businesses.
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Throughout Korea's long history, religion has played a prominent role in the lives of the its citizens. A variety of faiths have been practiced on the peninsula, the most common being shamanism, Buddhism, and Christianity.
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