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EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
The rapid development of e-commerce is causing a series of commercial townhouses to close down, while shopping centres still have a stable number of customers due to positive online sales channels and sharing turnover methods.
The South Korean government said on Monday that it has decided to abolish a policy mandating twice-a-month breaks for large discount stores, citing the change as one intended for the convenience of the people. The Office for Government Policy Coordination held a civic-government discussion in Dongdaemun-gu in Seoul, where it narrowed down a number of potential changes to be made. These included allowing large superma.
People will be allowed to shop at discount stores and large supermarkets every Sunday, as the government will scrap regulations forcing them to close on the second and fourth Sundays of every month.