Nam Hyun-woo has worked as a staff writer at The Korea Times since 2013, mostly covering business and politics. He currently belongs to the Business Desk where he covers topics such as emerging tech, AI, ICT and Korea's chaebol community. Prior to joining the team, he was the paper's correspondent for the presidential office of Korea during the Yoon Suk Yeol and Moon Jae-in administrations.
To prevent overcrowding
Fair Trade Commission (FTC) Chairman Kim Sang-jo, left, and Korea Association of the Convenience Store Industry Chairman Cho Yoon-sung show a document indicating FTC approval of the association's voluntary restraint agreement during an event on Yeouido, Seoul, Tuesday. Under the accord, convenience store brands, including GS25, CU, 7-Eleven, Ministop and C Space agreed to restrict opening new branches closer than 50 meters to 100 meters from other brand name stores. This is the first time the FTC has approved such a voluntary agreement. It will affect approximately 96 percent of convenience stores across the country. / Courtesy of FTC
By Nam Hyun-woo