SEOUL, April 7 (Korea Bizwire) – The pending merger between the nation’s number one food delivery app Baedal Minjok (Baemin), and Yogiyo, the industry’s second largest player, has led to a growing negative public sentiment with widespread concerns about monopolistic behavior. In particular, recent changes to Baemin’s fee system from a flat rate to a [...]
SEOUL, Jan. 9 (Korea Bizwire) — A US$4 billion deal by Germany’s Delivery Hero to acquire South Korea’s largest food delivery app operator, Woowa Brothers, has stirred up controversy here, as some politicians and small merchants have raised concerns about the monopoly status the merged entity will have if the deal is approved. For years, [...]
SEOUL, Dec. 30 (Korea Bizwire) — Industries including tobacco, beer and sugar that have been monopolizing the market for decades are very stingy with investments such as research and development (R&D), due to lack of pressure from foreign countries to compete due to high concentration in the domestic market. According to the results of the [...]
SEOUL, Nov. 29 (Korea Bizwire) — As Walt Disney’s ambitious film “Frozen 2″ smashes the South Korean box office, the local cinema market is again engulfed in a long-running debate over anti-monopoly regulations. “Frozen 2,” the sequel to 2013′s “Frozen,” exceeded 6 million admissions on the ninth day of its release as of Friday, according [...]
SEOUL, Oct. 14 (Korea Bizwire) – Science, ICT and Future Planning Minister Choi Yang-hee said Friday that it would be right to regulate the country’s No. 1 Internet portal operator Naver Corp. if it is found to have engaged in any unfair practice against media outlets. “I think it would be right to regulate (Naver) [...]
PAWTUCKET, R.I, Mar 26, 2014 (Korea Bizwire) – When you play a game of MONOPOLY, do you collect a pile of cash when you land on Free Parking? Do you auction off properties that people don’t purchase immediately? How do you get out of Jail? While MONOPOLY fans may claim to know how to play [...]