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Costco gets swift kick in the ass by South Korea

 
Anonymous Coward
User ID: 1632430
United States
11/10/2012 09:20 PM
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Costco gets swift kick in the ass by South Korea
October 11th, 2012

Costco, S. Korea battle over Sunday closing rule

SEOUL—South Korean officials threatened stern action Thursday against retail giant Costco in an increasingly heated row over the US firm’s refusal to shut its wholesale club stores on Sundays.

Nearly 40 Seoul council officials raided three Costco stores in the capital on Wednesday to crack down on minor parking and safety violations, in apparent reprisal for the retailer’s non-adherence to Sunday closing rules.
Officials said they would conduct “more crackdowns” if Costco opened next Sunday.

In a bid to protect small mom-and-pop stores, the council imposed the Sunday closing rule on big-box discount chains in April.

more here [link to business.inquirer.net]
Anonymous Coward
User ID: 19873584
Korea, Republic of
11/13/2012 04:09 AM
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Re: Costco gets swift kick in the ass by South Korea
Goldman Sachs shutting S.Korea asset management unit

[link to www.msnbc.msn.com]