South Korea looks to protect small retailers with OK of new restrictions

The law, which will start to come into effect after three months, requires warehouse-style chains to shut stores on two Sundays a month and to limit their operating hours to 10 a.m. to midnight.

The Sunday closure rule has already been adopted by many city councils, including the capital Seoul, although several top retailers have fought it in the courts, claiming discrimination.

Last October, Seoul city officials cracked down on outlets of U.S. retail giant Costco, writing up a host of minor parking and safety breaches in apparent reprisal for the company's non-adherence to Sunday closing.

Protecting small merchants and mom-and-pop stores was one of the top campaign promises of President-elect Park Geun-hye, who will take office next month after winning December's election.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Rio Tinto set to increase rate of iron ore production in Australian region

NEXT ARTICLE
Growing number of Chinese drivers helps to drive Rolls to a record year

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit