Distribution Industry Development Act News Today

Seouls Seocho district office has decided to lift administrative restrictions on the business hours of big-box stores operating in the district, becoming the first municipality to do so, officials said Monday.

Kim Seong-jin, a former presidential secretary under the previous Moon Jae-in administration, is seeking a seat in the National Assembly in the upcoming April 10 general elections, saying President Yoon Suk Yeols economic policies are not improving peoples livelihoods.

The government announced several measures aimed at reforming regulations related to people’s livelihoods.

The South Korean government said on Monday that it has decided to abolish a policy mandating twice-a-month breaks for large discount stores, citing the change as one intended for the convenience of the people. The Office for Government Policy Coordination held a civic-government discussion in Dongdaemun-gu in Seoul, where it narrowed down a number of potential changes to be made. These included allowing large superma...

People will be allowed to shop at discount stores and large supermarkets every Sunday, as the government will scrap regulations forcing them to close on the second and fourth Sundays of every month.

The mandatory closing day for large supermarkets will be changed from Sundays to Mondays in the southeastern city of Daegu, beginning next month, the municipal government said Monday, as part of a deregulatory move for the retail industry.

Sundays are often a day for family shopping, but supermarkets in South Korea don’t operate every second and fourth Sunday of each month.

E-mart workers urge govt to end twice-monthly store closures

Delivery Hero, Coupang Eats face possible curbs on quick commerce

Retail market restrained by govt regulations Posted : 2020-12-29 16:19 By Kim Jae-heun Contactless consumption has become the "new normal" here thanks to the fast growing e-commerce sector that contributes to the expansion of the entire retail market. Total retail sales were less than 200 trillion won up until 2010, but have nearly doubled as they are expected to reach 387 trillion won next year Newcomers such as Coupang and Market Kurly drove the growth with their strength as e-commerce fir...