My partner requested the consulting for this tax refund shop in Myeongdong.
The location of this shop is almost perfect, but the management and the ownership have problems. Actually, the shop won't be good.
The first reason is the organization. The shop owner had a relationship with NEONA Group. The president of NEONA insisted that he worked for Korean government. I don't know it is true, but he didn't invest his money, and he would try to put the other people's money. Nobody knows that he has enough money to fundraise. However, it is related to the moral hazard. If any president don't put his own money to the business, the business cannot be improved.
In conclusion, this shop cannot be good in my opinion.