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Juul Pushes Ahead with Restructuring of Korean Subsidiary

Juul Pushes Ahead with Restructuring of Korean Subsidiary

SEOUL, Jan. 17 (Korea Bizwire) — U.S. e-cigarette maker Juul Labs Inc. has decided to restructure its Korean unit following its headquarters. Juul Labs Korea said Thursday, “We are looking at how best we can reorganize our operations locally in each country we are currently working in, and we are making individual adjustments to each [...]

Department Store Doing Away with Paper Receipts

Department Store Doing Away with Paper Receipts

SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Department Store said Wednesday it will launch an electronic receipt issuance service with the aim of “zero” paper receipts within three years. Electronic receipts will be issued in the form of the automatic issuance of receipts through mobile applications instead of paper receipts when purchasing goods. Even if [...]

Exports of Processed Rice Goods Up 20 pct in 2019

Exports of Processed Rice Goods Up 20 pct in 2019

SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s outbound shipments of processed rice products shot up last year amid the booming popularity of Korean dramas, K-pop and other cultural assets abroad, data showed Thursday. Exports of these products reached US$106 million in 2019, marking a sharp rise from $89 million posted a year earlier, according [...]

Convenience Stores New Barometers for Food Trends

Convenience Stores New Barometers for Food Trends

SEOUL, Jan. 15 (Korea Bizwire) — Convenience stores are rising as a new platform where food products spotlighted on social media or television programs make their first debut. CU, a major convenience store chain, showcased its Kielbasa Platter that comes with a Polish Kielbasa sausage that recently went viral on social media. The dish gained [...]

Long Working Hours, Falling Wages Threaten S. Korea’s Gig Economy Workers

Long Working Hours, Falling Wages Threaten S. Korea’s Gig Economy Workers

SEOUL, Jan. 15 (Korea Bizwire) — Platform workers, the lifeblood of the country’s emerging gig platforms that offer delivery, ride-hailing and housekeeping services, are often exposed to dire working conditions such as low pay and long working hours, a study showed Wednesday. In contrast to the notion the lifestyle would give workers the freedom to [...]

Netflix Ordered to Amend ‘Unfair’ Terms of Subscription in S. Korea

Netflix Ordered to Amend ‘Unfair’ Terms of Subscription in S. Korea

SEJONG, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has ordered Netflix Inc., a global internet entertainment service provider, to amend “unfair” terms and conditions in its subscription contracts. The Fair Trade Commission (FTC) said Netflix is required to notify subscribers of its plan to change fees and obtain consent from [...]

Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

SEOUL, Jan. 13 (Korea Bizwire) –- Major South Korean cosmetics and duty-free operators traded higher Monday amid hopes that China may lift its retaliatory economic measures under way for years against Seoul’s decision to deploy a U.S. anti-missile system here. Amorepacific Corp., the country’s top cosmetics maker, closed at 232,000 won(US$200), up 5.22 percent from [...]