S. Korea approves restrictions on giant retailers
Published on Jan 15, 2013 1:21 PM
SEOUL (AFP) - South Korea's government approved on Tuesday a national law restricting the operating hours of large retailers in a bid to protect small stores who say they are being pushed out of business.
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 10:00 am 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 US 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.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!