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S. Korea to Review Tax Rates for E-cigarettes

S. Korea to Review Tax Rates for E-cigarettes

SEOUL, Sept. 24 (Korea Bizwire) — The government plans to readjust a variety of taxes attached to electronic cigarettes, such as the cigarette consumption tax and special consumption tax, to even out the balance between taxes imposed on e-cigarettes and non-electronic cigarettes. The Ministry of Economy and Finance announced the plans on Monday, following complaints [...]

Popularity of Capsule Coffee Dwindles as Coffee Subscriptions Soar

Popularity of Capsule Coffee Dwindles as Coffee Subscriptions Soar

SEOUL, Sept. 24 (Korea Bizwire) — A new trend is emerging where consumers order coffee from delivery apps or apply for monthly subscriptions to enjoy coffee. The new trend is replacing the trend of making and drinking coffee at home. Innocean Worldwide Inc., a major local advertising agency, released a data analysis report that analyzed [...]

Subscription Services Increasingly Popular in S. Korea

Subscription Services Increasingly Popular in S. Korea

SEOUL, Sept. 24 (Korea Bizwire) — The subscription economy, through which one can periodically receive products or services instead of purchasing them outright, is on the rise. Rental services, which used to be represented by water purifiers, are now in their heyday as they have expanded to various items such as LED masks and dishwashers. [...]

Samsung Set to Spend 13 tln Won on Display Plant in S. Korea

Samsung Set to Spend 13 tln Won on Display Plant in S. Korea

SEOUL, Sept. 24 (Korea Bizwire) — Samsung Group is planning to announce a massive investment plan next month to upgrade its display panel production facilities in South Korea, industry sources said Tuesday, as the nation’s largest conglomerate seeks to enhance profitability in the large display business with its latest technologies. Samsung is expected to unveil [...]

Controversy Looms over New Legislation to Restrict Shopping Mall Operating Hours

Controversy Looms over New Legislation to Restrict Shopping Mall Operating Hours

SEOUL, Sept. 23 (Korea Bizwire) — South Korean shopping mall operators are paying attention to the National Assembly’s upcoming decision on a new legislative bill during the regular session that starts on Thursday. The ruling party is currently pushing for stricter regulations that would require large-sized malls, so-called super supermarkets (SSMs), and shopping complexes to [...]