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South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech companies by a major economy. An amendment…
South Korean department stores have launched an all-out effort to secure VIP customers who spend more than ordinary customers. Department stores have suffered fallout from the surge in popularity of online shopping malls for years, but sales have come under…
Isetan Mitsukoshi is to close its 26-year-old Ebisu department store next year after failing to turn around mounting losses. The downtown Tokyo store will close in March or April and the company will redeploy all of its staff to other stores. The closure is…
South Korean chicken chain Crispy Chicken n’ Tomato has expanded its retail network into Tokyo, opening 10 stores in the city this month. Besides selling at stores, Crispy Chicken n’ Tomato has also partnered with UberEats to offer “sharing brand service”…
South Korea’s largest retailers are having to invest in logistics to cope with rising online spending and personalized delivery services. South Korean online shopping malls Coupang and Market Kurly have led the paradigm shift in the delivery industry after…
South Korean mobile carrier SK Telecom said it will use quantum cryptography technology to ensure security of its 5G mobile networks. The mobile carrier said Monday it has completed applying Quantum Random Number Generator (QRNG) technology of ID Quantique…
When Style Nanda announced last month that French beauty giant L’Oreal will be snapping up a majority stake, it sent shockwaves across the industry. Sure, the company was doing fabulously well and had created quite a stir with its success, but then it was…
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