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Shop 'til you drop means on all retail channels now

Major retailers are expanding their so-called omni-channels because customers are demanding the convenience.

2022-06-26

With inflation so high, smaller packages are answer for some

In the time of inflation and high prices, large marts and convenience stores are pushing small-packaged products that target single-person households.

2022-06-23

Industrial production sees solid 4.5% growth in April

Industrial production rose 4.5 percent in April, Statistics Korea reported Tuesday.

2022-06-01

Retail investors unload over 1 trillion won of Kospi stocks in May

Retail investors unloaded more than 1 trillion won ($795 million) worth of Kospi stocks in May as the market continued to stay sluggish and central banks around the world push monetary tightening.

2022-06-01

Companies forgotten due to Covid are ready for a comeback

Many companies are rejoicing as Covid-19 transitions into an endemic disease, but those who experienced an unexpected boom during the pandemic are worried about what's to come.

2022-05-03

Retailers celebrate being able to work longer hours

Retailers are rejoicing over lifted pandemic restrictions, with big expectations that business will finally return to what it was pre-Covid-19.

2022-04-18

FTC fines Eland World, Retail for unfair business activity

Korea's antitrust regulator said Sunday it has decided to impose a combined 4.08 billion won ($3.33 million) in fines on Eland Retail

2022-04-10

Lotte Hi-Mart gets into the swing of golf with Hi-Mart Golf

Lotte Hi-Mart announced Tuesday it is getting into the golf business as outdoor sports have gained in popularity during the pandemic.

2022-04-05

'Is Homeplus open?' becomes a question of political import.

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.

2022-02-22

See ya, Citi

The headquarters of Citibank are pictured in central Seoul on Tuesday. Starting Tuesday, Citibank Starting Tuesday, stopped providing retail customers with savings, lending and credit card issuance as announced.

2022-02-15

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