SEOUL, Nov. 19 (Korea Bizwire) – In a significant shift within South Korea’s retail landscape, companies are rapidly expanding their rapid delivery services beyond traditional e-commerce boundaries, with offerings ranging from same-day delivery to dawn delivery and motorcycle-based quick commerce. Naver, which alongside Coupang forms the dual powerhouse of South Korean e-commerce, is planning to launch [...]
SEOUL, Nov. 18 (Korea Bizwire) – An individual referred to only as Lee, who began his career as a delivery worker three years ago, says the pressure to meet tight deadlines has become nearly unbearable. “We need to complete at least four deliveries per hour to make ends meet,” said Lee, who acknowledged that running red [...]
SEOUL, Nov. 14 (Korea Bizwire) — The government unveiled a package of measures aimed at addressing long-standing consumer complaints in the wedding industry Thursday, which has often been cited as a significant factor driving up the high costs of marriage. The measures were introduced at an economic ministers’ meeting in Seoul, led by Finance Minister [...]
SEOUL, Nov. 14 (Korea Bizwire) — The government on Thursday unveiled a package of measures, such as preferential interest rates and incentives, aimed at developing the domestic service industry as a new engine of growth. The measures were introduced during an economy-related ministers’ meeting held in Seoul, presided over by Finance Minister Choi Sang-mok, who [...]
SEOUL, Oct. 31 (Korea Bizwire) – After nine rounds of negotiations spanning 100 days, delivery apps and restaurant owners remain deadlocked over commission rates, with positions still far apart at 9.8% versus 5%. The ninth meeting of the Delivery App Coexistence Council, held on October 30, stretched to nearly seven hours including breaks but failed to [...]
SEOUL, Oct. 31 (Korea Bizwire) – South Korea’s dental implant exports have reached a historic milestone, surpassing $650 million this year, according to data released by the Korea Customs Service on October 30. Export figures for the January-September period reached $653 million, marking a 17.4% increase compared to the same period last year and setting a [...]
SEOUL, Oct. 30 (Korea Bizwire) – A government investigation has revealed dramatic price hikes at hotels and lodging facilities during South Korea’s peak summer season, particularly around major music festivals and local cultural events. The Korea Consumer Agency disclosed its findings on October 29 after examining prices at 347 accommodations listed on booking platforms. The investigation [...]
SEOUL, Oct. 30 (Korea Bizwire) – A South Korean court has ruled that redesigning luxury products without permission constitutes trademark infringement, dealing a blow to the growing fashion upcycling industry. The Patent Court of Korea upheld a lower court’s decision against a craftsman who reconstructed Louis Vuitton bags into new designs, ordering him to pay 15 [...]
SEOUL, Oct. 22 (Korea Bizwire) – In a parliamentary audit on October 21, Ham Yoon-sik, vice president of Woowa Brothers, defended his company’s controversial fee increases by pointing to similar moves by competitor Coupang Eats, highlighting growing tensions in South Korea’s competitive food delivery market. During the National Assembly’s political affairs committee audit of the Fair [...]
UIJONGBU, Oct. 17 (Korea Bizwire) – In a bid to support small business owners grappling with high commissions and delivery fees, Gyeonggi Province is taking steps to stimulate the market for private delivery apps that charge commission rates of 2% or less. The provincial government announced on October 16 that it would be accepting applications from [...]