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Gyeonggi Province Targets Delivery App Fees, Launches Program to Help Small Businesses

Gyeonggi Province Targets Delivery App Fees, Launches Program to Help Small Businesses

UIJONGBU, Oct. 17 (Korea Bizwire) – In a bid to support small business owners grappling with high commissions and delivery fees, Gyeonggi Province is taking steps to stimulate the market for private delivery apps that charge commission rates of 2% or less.  The provincial government announced on October 16 that it would be accepting applications from [...]

South Korean Matchmaking Services Under Scrutiny as Consumer Complaints Rise

South Korean Matchmaking Services Under Scrutiny as Consumer Complaints Rise

SEOUL, Oct. 17 (Korea Bizwire) – A recent report by the Korea Consumer Agency has shed light on growing concerns in the domestic matchmaking industry, revealing that consumers who sought redress for grievances paid an average of 3.46 million won for matchmaking services. The agency’s data, released on October 16, shows a troubling trend in the [...]

Korean Chicken Franchises Bolster Own Apps as Delivery Platforms’ Fees Rise

Korean Chicken Franchises Bolster Own Apps as Delivery Platforms’ Fees Rise

SEOUL, Oct. 11 (Korea Bizwire) – As restaurant owners’ frustrations grow over high commission fees charged by food delivery apps, several major chicken franchise chains in South Korea are ramping up incentives for customers to use their proprietary ordering platforms.  According to industry sources on October 10, the country’s top three chicken franchises — BBQ, bhc [...]

Qoo10 CEO Attends Court Hearing on Arrest Warrant over Massive Payment Delays

Qoo10 CEO Attends Court Hearing on Arrest Warrant over Massive Payment Delays

SEOUL, Oct. 10 (Korea Bizwire) — Qoo10 CEO Ku Young-bae attended a court hearing held on Thursday to determine whether to issue an arrest warrant on fraud and embezzlement charges related to his e-commerce group’s large-scale payment delays to vendors. Ku appeared at the Seoul Central District Court for his hearing, which will be shortly [...]

Seoul Fireworks Festival Sparks Price Surge in Hotels and Restaurants

Seoul Fireworks Festival Sparks Price Surge in Hotels and Restaurants

SEOUL, Oct. 1 (Korea Bizwire) – As Seoul prepares for its annual International Fireworks Festival, a spectacle that typically draws hundreds of thousands of spectators, a frenzy for prime viewing spots is driving up prices across the city. Hotels and restaurants with coveted views of the Han River are seeing their rates soar, prompting local authorities [...]

South Korean Food Chains Face Scrutiny Over Opaque Delivery Pricing

South Korean Food Chains Face Scrutiny Over Opaque Delivery Pricing

SEOUL, Sept. 30 (Korea Bizwire) – South Korean consumers are grappling with a lack of transparency in food delivery pricing as major restaurant chains implement higher charges for delivery orders without clear disclosure. This practice, known as “dual pricing,” has sparked a debate about consumer rights and fair business practices in the country’s booming food delivery [...]

Prosecutors Question CEO of Qoo10 over E-commerce Insolvency Incidents

Prosecutors Question CEO of Qoo10 over E-commerce Insolvency Incidents

SEOUL, Sept. 30 (Korea Bizwire) — Prosecutors on Monday grilled an e-commerce tycoon believed to be at the center of the large-scale insolvency incidents involving online shopping platforms TIMON and WeMakePrice. Ku Young-bae, CEO of the Singapore-based Qoo10 Group, the parent company of TIMON and WeMakePrice, underwent questioning as a fraud and embezzlement suspect at [...]

Antitrust Watchdog Investigates Leading Food Delivery App Over Pricing Practices

Antitrust Watchdog Investigates Leading Food Delivery App Over Pricing Practices

SEOUL, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission has launched an investigation into Baedal Minjok, the country’s largest food delivery app, over allegations that it forced restaurants to offer it the most favorable pricing terms.  Restaurant owners claim that Baedal Minjok, commonly known as Baemin, pressured them to keep prices on its platform [...]

Delivery Service Provider Leads in Workplace Injury Claims for Third Consecutive Year

Delivery Service Provider Leads in Workplace Injury Claims for Third Consecutive Year

SEOUL, Sept. 27 (Korea Bizwire) – Woowa Brothers, the operator of South Korea’s popular food delivery app Baemin, is on track to top the list of workplace injury claims for the third year running, according to data released by the Korea Workers’ Compensation and Welfare Service. From January to August of this year, Woowa Brothers reported [...]

Nexon Korea to Compensate 800,000 Players in Landmark Gaming Probability Case

Nexon Korea to Compensate 800,000 Players in Landmark Gaming Probability Case

SEOUL, Sept. 23 (Korea Bizwire) – In a groundbreaking decision, Nexon Korea has agreed to compensate 800,000 players of its popular game MapleStory with 21.9 billion won worth of Nexon Cash, the company’s virtual currency that can be converted to real money. This compensation comes in response to allegations that the company manipulated probabilities for in-game [...]