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Reporter : Kim Jae-heun
Tue, October 26, 2021 | 01:56
McDonald's Korea accused of owing 50 bil. won in back pay to part-time employees
McDonald's Korea allegedly owes 50 billion won in back pay to its workers. According to its part-time employee union, “Crew,” the Korean branch of the U.S.-owned and managed fast food restaurant chain has been excluding work hours when its 15,000 workers were changing into uniform that amount to 14 billion won in unpaid wages.
Delivery Hero, Coupang Eats face possible curbs on quick commerce
Quick commerce has emerged as a new growth engine for local retailers that deliver online orders in less than an hour. Currently, major supermarket operators and food delivery firms sell only groceries through their quick commerce platforms, but they plan to boost sales by expanding their product variety.
CJ confirms interest in acquiring SM Entertainment
Local entertainment giant CJ ENM confirmed its interest in acquiring the iconic K-pop agency SM Entertainment, Thursday.
Retail giants make major changes in response to shopping trends
Korea's retail giants are accelerating measures to improve their business structures and cope with online shopping trends. Lotte and Shinsegae are the two major firms battling for the title of the No. 1 retailer here. However, the pandemic has brought strong new rivals onto the scene: Coupang, Naver and Market Kurly.
'Living with COVID-19' policy raises expectation for liquor businesses
Local brewery companies and liquor traders are hoping to see a rebound in the fourth quarter of this year, with the government pointing to possible implementation of a “Living with COVID-19” strategy that will ease social distancing measures nationwide.
LG, Vogue discuss sustainable fashion
In the ongoing pursuit for sustainable fashion, industry leaders in Poland gathered to bring greater awareness to climate issues and the importance of doing business responsibly at this year's Business Fashion Environment (BFE) Summit, under the theme, “New Beginning: Rethinking Sustainability.”
Starbucks Korea to improve working conditions for staff
Starbucks Korea has decided to hire 1,600 more employees to allay mounting complaints voiced by existing workers over heavy workloads. It also promised to adopt a new wage system and improve working conditions for its employees.
Tencent increasing investments in Korea amid China regulation
China's IT giant Tencent is investing more into the Korean game sector amid the Chinese government's continued regulation on its game industry.
[ANALYSIS] Pandemic spurs sales of luxury goods, counterfeits
When COVID-19 first exacted damage upon the Korean economy in February 2020, no one expected the luxury goods market here to experience a boom. Under the government's strict quarantine measures, people have been forced to stay home. As well as restaurants, coffee shops and department stores, luxury boutiques were restricted from operating after 9 p.m. Opening hours for busine...
Woowa Bros. befuddled by increasing consumer dissatisfaction with Baemin
Woowa Brothers, the company that operates the country's largest food delivery app, Baedal Minjok (Baemin), has been receiving the highest percentage of consumer dissatisfaction for its service among local food delivery apps.
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