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Archive by category Services and Others

Government Plans to Eliminate Mandatory Sunday Closures for Major Retailers

Government Plans to Eliminate Mandatory Sunday Closures for Major Retailers

SEOUL, Jan. 22 (Korea Bizwire) – The government announced several measures aimed at reforming regulations related to people’s livelihoods, including scrapping the policy mandating large retailers to close their stores on Sunday twice a month, officials said Monday. The announcement was made during a government-public debate, the fifth in a series of sessions, led by [...]

SK Telecom Signs MOU with U.S. Animal Health Care Firm to Eye Global Pet Market

SK Telecom Signs MOU with U.S. Animal Health Care Firm to Eye Global Pet Market

SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s leading mobile carrier SK Telecom Co. said Wednesday it has signed a strategic partnership with a U.S. animal health care firm in a bid to enter the American pet market with its artificial intelligence (AI)-based veterinary care service “X Caliber.” Under the memorandum of understanding with Vetology [...]

Coupang and LG H&H Resume Direct Rocket Delivery After Nearly Five-Year Conflict

Coupang and LG H&H Resume Direct Rocket Delivery After Nearly Five-Year Conflict

SEOUL, Jan. 13 (Korea Bizwire) –Coupang has re-established direct sales with LG Household & Health Care (LG H&H), nearly five years after the latter pulled its products from the Coupang platform following a dispute over pricing. This move comes with large manufacturers and distribution chains increasingly joining the anti-Coupang front, and Chinese shopping platforms like [...]

Nexon Faces Hefty Fines for Alleged Deceptive Practices on In-game Items

Nexon Faces Hefty Fines for Alleged Deceptive Practices on In-game Items

SEOUL, Jan. 3 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to fine Nexon Korea Corp. 11.6 billion won (US$8.85 million) for alleged deceptive business activity against game users regarding in-game items. The game giant was accused of changing the probability of randomized items for its hit titles of “MapleStory” and “Bubble [...]

Surge in Streaming Service Fees Sparks Stress Among Subscribers in South Korea

Surge in Streaming Service Fees Sparks Stress Among Subscribers in South Korea

SEOUL, Dec. 14 (Korea Bizwire) – In South Korea, the rising trend of subscribing to multiple Over-The-Top (OTT) and online streaming services, such as Netflix, YouTube, Disney Plus, and Tving, is facing a new challenge: a series of price hikes that are increasing stress among subscribers.  Recently, Netflix, already under scrutiny for banning account sharing among [...]

Netflix, Disney+ Fuel Surge in Korean Actor Salaries, Prompting Industry Shifts

Netflix, Disney+ Fuel Surge in Korean Actor Salaries, Prompting Industry Shifts

SEOUL, Dec. 6 (Korea Bizwire) – Foreign video streaming services such as Netflix and Disney+ are exerting significant influence on compensation for Korean actors, contributing to a surge in industry costs. With deep pockets, these platforms are actively acquiring top-tier actors and premium content. Reports indicate that Lee Jung-jae is poised to command approximately 1 billion [...]

NCSOFT Partners with Sony Interactive Entertainment to Expand Global Business

NCSOFT Partners with Sony Interactive Entertainment to Expand Global Business

SEOUL, Nov. 29 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Wednesday it has joined hands with Japan-based console game developer Sony Interactive Entertainment (SIE) to expand its global business. NCSOFT CEO Kim Taek-jin and SIE CEO Jim Ryan signed a strategic partnership to strengthen cooperation in the [...]

Mounting Consumer Woes Prompt Korea Consumer Agency Investigation into Self-Photo Studios

Mounting Consumer Woes Prompt Korea Consumer Agency Investigation into Self-Photo Studios

SEOUL, Nov. 24 (Korea Bizwire) – An individual, referred to only as A, inserted a 50,000 won bill into a machine at a self-photo studio. Later, he discovered a small notice inside the machine stating that no change would be provided. The amount of change owed to the individual was not insignificant, but there was no [...]