A SPECIAL REPORT: MINORITY BUSINESS
- Share via
WHAT RECESSION? The number of Korean dry cleaners, above, is up dramatically in Orange County, despite the slumping economy. . . . Of the 625 registered here, all remain in business despite tough times. The secret? Being relatively debt-free, says Seo Jun (George) Ma, who edits an industry trade paper. “I told them to get those interest payments out of the way, and they should be able to weather a recession,” he says. . . . By comparison, 6% of local Korean laundries went under during the ‘80s recession due to debt.
Cleaning Up
Number of Korean-owned dry cleaners in Orange County:
1982: 150
1985: 280
1988: 400
1991: 625
Source: Cleaners News (newsletter of the Korean Dry Cleaners-Laundry Assn. of Southern California)
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
