SEOUL, Aug. 29 (Korea Bizwire) — From now on, book publishers will need explicit permissions from the authors for all creative works including children’s storybooks when they use the contents for secondary purposes. The Fair Trade Commission said on August 28 that it has ordered Korea’s top-20 publishing houses to improve their terms and conditions with authors including [...]
SEOUL, July 14 (Korea Bizwire) – Korea’s two major mobile telecom service operators, KT and LG Uplus, are expected to get penalized for using their dominant market power in the enterprise messaging service market. According to industry sources on July 11, the Fair Trade Commission has recently completed its investigation on the two companies upon reports that [...]
SEOUL, July 4 (Korea Bizwire) – As Kakao Inc. decided to jump to the fray in the local mobile coupon business, the online coupon companies which sell the digital coupons on the popular Kakao platform, are fretting over the mobile messenger giant’s possible unfair competition in the market, even considering a lawsuit against Kakao for breaching [...]
SEOUL, May 22 (Korea Bizwire) – The Fair Trade Commission will abolish all 18 regulatory guidelines that may restrict business activities until the end of the third quarter, at which time new bakeries can be set up within the distance of 500 meters from an existing one. On May 21, the competition authorities said that its “recommendations” [...]
SEOUL, Korea, April 18, 2014 (Korea Bizwire) – Once a top-ten contractor, Byucksan Engineering & Construction has finally been declared “dead” after two years of a workout process. As it happens, industry officials begin talk about a crisis of the whole construction industry. That’s because there are quite many contractors under workout or court receivership [...]
SEOUL, Korea, April 7 (Korea Bizwire) – Where can you buy Mise-en-scene Super Hard Wax at the lowest price? Surprisingly enough, the answer is “at a convenient store,” which does not make much sense considering the reputation of big-box retailers as the stores with best deals. This particular hair product is sold cheaper at convenient [...]