SEOUL, Nov. 22 (Korea Bizwire) — More than 200 traditional markets in South Korea have shut down over the past 14 years, data showed Monday, due largely to the failure of responding to the changing retail industry. The government-affiliated agency Small Enterprise and Market Service reported there were 1,401 traditional markets in the country as [...]
SEOUL, Nov. 16 (Korea Bizwire) — A live commerce broadcasting channel run by youngsters in their 20s aimed at helping small merchants is drawing public attention in South Korea. During the broadcasts, the two live-stream their shopping on behalf of their viewers to help merchants at traditional five-day markets in South Gyeongsang and Jeolla Provinces, regions [...]
SEOUL, Sept. 23 (Korea Bizwire) — Chuseok, the Korean version of Thanksgiving, used to be by far the biggest shopping season for traditional markets nationwide, with marketplaces bustling with shoppers buying groceries for ancestral memorial rites, holiday dishes to share with families, and gifts for relatives and business partners. In recent years, the growing popularity [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea plans to spend 537 billion won (US$478 million) to help nurture the country’s traditional markets, the government said Wednesday. According to the Ministry for SMEs and Startups, around half of the earmarked budget will be spent to help expand parking space and related facilities in a way [...]
SEOUL, Jan. 2 (Korea Bizwire) — The government has announced plans to install fire alarm systems at all traditional markets in the country by 2022. The Ministry of SMEs and Startups said on Monday it will spend 18 billion won to introduce fire alarm systems to 32,000 shops this year, covering 15.5 percent of all [...]