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Erudite Blog

On July 28, the Ministry of Trade, Industry, and Energy (MOTIE) issued a report on important retail channel* growth in June and 1H 2016. Overall, online retail continues to grow, with open market and social commerce sites seeing higher growth than established online shopping portals.

On April 12 the Federation of Korean Industries (FKI) released an assessment of regulations on large business groups (대기업집단, those groups with at least five trillion KRW in assets). According to the report, there are roughly sixty regulations that specifically affect large business groups.