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Consumer Backlash Grows as Baemin Adds Commission to Takeout Orders

Consumer Backlash Grows as Baemin Adds Commission to Takeout Orders

SEOUL, April 19, (Korea Bizwire) — South Korea’s leading food delivery platform, Baemin, has drawn public backlash after introducing commission fees on takeout orders, a move critics say could burden small businesses and consumers while signaling the platform’s shifting business strategy. Starting April 14, 2025, Baemin began charging intermediary service fees on takeout orders, ending [...]

Gyeonggi Province Targets Delivery App Fees, Launches Program to Help Small Businesses

Gyeonggi Province Targets Delivery App Fees, Launches Program to Help Small Businesses

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 [...]

Korean Chicken Franchises Bolster Own Apps as Delivery Platforms’ Fees Rise

Korean Chicken Franchises Bolster Own Apps as Delivery Platforms’ Fees Rise

SEOUL, Oct. 11 (Korea Bizwire) – As restaurant owners’ frustrations grow over high commission fees charged by food delivery apps, several major chicken franchise chains in South Korea are ramping up incentives for customers to use their proprietary ordering platforms.  According to industry sources on October 10, the country’s top three chicken franchises — BBQ, bhc [...]

Rise of Loan Comparison Platforms Leads to Reduction in Commission Burden for Non-Banking Financial Institutions

Rise of Loan Comparison Platforms Leads to Reduction in Commission Burden for Non-Banking Financial Institutions

SEOUL, Oct. 17 (Korea Bizwire) – Thanks to the invigoration of fintech companies’ loan comparison services, it is estimated that non-banking financial institutions have reduced their annual commission burden by more than 10 billion won. According to the parliamentary inspection data submitted by the Financial Supervisory Service on Monday, the average commission rate that the nation’s five [...]

Government Imposes Higher Commission on Duty-Free Store Operators

Government Imposes Higher Commission on Duty-Free Store Operators

SEOUL, Dec. 9 (Korea Bizwire) – Operating a duty-free store is a highly lucrative venture, and the few five-year licenses granted by the government are usually hotly contested. However, authorities have finally decided to raise the special commission imposed on duty-free store operators, which has been frequently criticized for being unusually low, by up to [...]