Only half, or 50.1 percent, were able to survive the first year. They were followed by sports and art businesses (58.2 percent) and wholesale and retail companies (58.8 percent). Finance and insurance also topped the list of businesses with the lowest survival rate over five years with 16.3 percent, followed again by arts and sports businesses (16.8 percent). Third place was taken by lodging businesses and restaurants (17.9 percent). But the statistics agency reported some improvements. Last year there were 5.77 million active businesses, a 4 percent increase - or 222,000 companies - from a year earlier. Among the companies, bigger corporations accounted for 10.1 percent or 585,000. It was the first time that corporate businesses have exceeded 10 percent. Companies owned by individuals accounted for 89.9 percent, or 5.19 million. People working in bigger corporations accounted for 57.1 percent of the total workforce, or 11 million, while those working at individually run businesses accounted for 42.9 percent, or 8.2 million. Also 25.4 percent of manufacturers were owned by corporations, while 99.1 percent of the restaurants and lodging companies are owned by individuals. The number of private companies amounted to 4.59 million, nearly 80 percent of all businesses. Companies with female CEOs totalled 2.2 million, 38.2 percent of all businesses in Korea.