SEOUL, March 18 (Korea Bizwire) — Panic buying is spreading like wildfire among a number of countries as fear of the coronavirus deepens. Large shopping malls in South Korea, however, are as peaceful as in the pre-coronavirus era. Experts argue that prior experiences in dealing with various epidemics, such as Severe Acute Respiratory Syndrome (SARS) [...]
SEOUL, Sept. 6 (Korea Bizwire) — The retail industry, cornered by a low-price offensive from e-commerce businesses, is striking back with a so-called ‘malling’ strategy. ‘Malling’ refers to all leisure activities at the mall, including shopping, dining, and watching movies or experiencing other forms of entertainment. Retail stores are focusing on children. The logic is [...]
SEOUL, Sept. 4 (Korea Bizwire) — Shopping malls are scrambling to overcome what is seen as one of the worst crises that they have ever faced. Retailers are pulling out all the stops to outlive the crisis, including selling off real estate and repurchasing shares. Lotte Corp. purchased 200,000 shares of Lotte Shopping Co., one [...]
SEJONG, Aug. 16 (Korea Bizwire) – Your neighborhood café might be playing a lot less music going forward now that the Ministry of Culture, Sports and Tourism has announced amendments to copyright laws. On August 16, the ministry issued a statement saying that revisions to standing copyright regulations had been made and would go into [...]