Another new coffee shop opening in Seoul.

In front of this one, within 20 meters, are:

- Starbucks coffee
- Koodhaeboi coffee
- Au Café coffee
- Paris Baguette (sells coffee)
- Baskin Robins (sells coffee)
- Plate195 (sells coffee)
- GS25 (sells coffee)

Is it a surprise so many small korean businesses go bankrupt within a year or less?

It makes me wonder... do people do any business planning when opening coffee shops / chicken shops / convenience stores in South Korea?