Costco Korea Archives | Be Korea-savvy

Costco Korea Achieves Record-breaking Sales, Yet Faces Scrutiny for Social Contributions and Work Conditions

SEOUL, Nov. 21 (Korea Bizwire) – While Costco, the U.S. warehouse discount store, achieved a milestone in South Korea with annual sales exceeding 6 trillion won for the first time, its social contributions in the country have dwindled. Moreover, the company remitted a dividend to its U.S. headquarters that surpassed its annual operating profit. Costco Korea’s [...]

Korean Card Companies Seek Lucrative Costco Partnership

SEOUL, March 20 (Korea Bizwire) — Korean card companies are throwing themselves at Costco Korea in hopes of developing an affiliate partnership, as the company’s current agreement with Samsung Card ends in May. Costco’s corporate policy is to only have one card partnership agreement per country, and its affiliation with Samsung Card has been in place for [...]