Enacted in 2010, the Distribution Industry Development Act prohibits a discount mart from operating within 1 kilometer (0.62 mile) of a traditional marketplace to protect small businesses in traditional markets.
The Homeplus Mega Food Market that opened at a branch in Namdong District in eastern in Incheon on Thursday. Homeplus is strengthening its food lineup.
Homeplus is investing in stores to boost online sales.
Emart reported 937 billion won ($790 million) in consolidated net profit in the third quarter, up 681 percent on year, according to the company’s preliminary report announced on Friday.
Lotte Mart is offering early retirement packages to employees for the second time this year as competition grows with e-commerce websites.
Korean households are about to get free money from the government in the form of 250,000 won ($214) emergency relief grants -- and retailers are hoping to pull a lot of it into their cash registers.
Convenience stores are trying to position themselves as more affordable alternatives to the big discount supermarkets, selling low-cost house-brand items including ramyeon and microwaveable rice.
Retailers are responding in their own ways to Level 4 social distancing rules, the highest on the four-level scale.
Consumers are expressing concern about the safety of seafood following Japan’s recent announcement of plans to release contaminated Fukushima reactor water into the sea.
Convenience stores have started stocking more fresh vegetables since the pandemic forced people to spend more time at home -- and made them a profit center.