A banner at a discount store in Seoul indicates that it will close on the second and fourth Sunday of every month after revisions to the Retail Industry Development Act took effect early last week. Large retailers across the country are now forbidden from operating on two days a month to help smaller merchants stay afloat. [NEWSIS]
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2:17 pm on January 7th, 2013 1
And someone from here will come along and scream RACISTS!
2:29 pm on January 7th, 2013 2
Do they really expect people to wait to buy things two Sundays out of the month to support small business?
This has to be one of the silliest ideas ever.
3:13 pm on January 7th, 2013 3
Flyingsword, I fixed it for you. “one of the STUPIDEST ideas ever.”
3:38 pm on January 7th, 2013 4
I expect a popular backlash. There are still quite a few Koreans who work 6 days a week.
4:39 pm on January 7th, 2013 5
The large stores in my town close on their slowest days, not Sundays, thus defeating the purpose of the law.
5:38 pm on January 7th, 2013 6
Why punish stores for being good at what they do?
7:02 pm on January 7th, 2013 7
#6 because it’s not fair. It’s not fair that someone is doing well am others aren’t. Everything should be fair, the rich should give to the poor until everyone has the same amount. There oughta be a law! Why isn’t there a law that ensures I get the same as everyone else even if I do nothing to earn it? Wahhh…
Sorry, I seem to have beaten my point to a pulp.
8:32 pm on January 7th, 2013 8
If I knew this ahead of time I’d just plan around it…Ok Costco closed this Sunday better buy what I need to buy the Sunday prior. If anything the operational cost savings should make the stores MORE profitable.
My buddys dealership stateside recently saved a bunch of money by closing down on Mondays in the states. They still sell the same number of cars but the entire place is shut down every Monday means less costs.
9:19 pm on January 7th, 2013 9
If they were smart, they’d collude to ensure that no area (or as few as possible) were ever without a big store. In many areas you have multiple big stores in a close proximity. You could create a schedule of shut downs that would ensure that while some people might be slightly inconvenienced by having to go to one big box store that is slightly further away on those days, they would still have the option. They seem to have some leeway over how what days they close, so it could even be as simple as homeplus and emart choosing to close different days (they all close the same day right now, wednesdays)
7:51 pm on January 8th, 2013 10
I can hardly wait until the courts rule against this asinine and pandering law.
8:50 pm on January 8th, 2013 11
#9,
I don’t know if it’s a coincidence, but that’s what is happening. My wife went to HomePlus this morning and it was closed, but Emart was open.
9:57 pm on January 8th, 2013 12
Correction: she went to one of the farmer’s co-op stores.
6:19 am on January 9th, 2013 13
This will be effective…like the curfew policy