The number of new businesses in the first half of this year was 650,504, down 6.5 percent from a year ago as the real estate sector slowed down, data from the Ministry of SMEs and Startups showed on Thursday.Factors such as high interest rates and the slowdown in the real estate market led to a 47.3 percent on-year decrease in new businesses related to real estate. Excluding this sector, the number of new enterprises in the first half of this year increased by 2.9 percent on year to 581,794.Retail businesses accounted for the highest number of startup companies by industry, totaling 238,279, marking a 3.

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