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Outlet Industry Under Pressure to Cut Operating Hours

May 29, 2017 17:32|May 29, 2017 17:32
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It has become a hot issue in Korea whether to make it mandatory for shopping outlets to close two days a month just as large discount stores do today.


Politicians are disputing over this issue after new President Moon Jae-in pledged during his presidential campaign to have shopping malls to close their doors at least for two days a month as part of an effort to protect small retailers.


Shopping outlets are calling it an absurd measure, saying that major shopping outlets are located in suburban areas, thereby having little conflict with small mom-and-pop operations.


Major shopping outlets are now clustered mainly in Yeoju and Paju in Gyeonggi Province, places where there were a few commercial districts before their entry.


The shopping outlets claimed that their entry brought benefits rather than harm to the region's existing small retailers. A good example of this was that the administrative status of Yeoju was upgraded from a county to a city thanks to the prosperity of the outlet industry there.