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Games & Commerce

This year\'s Chuseok gift trends: heritage, wellness and homeconomy gain ground

Products with stories and scarcity are gaining traction in the holiday gift market, Wadiz said on Wednesday, citing data from its \"Autumn Bumper Harvest Warehouse\" promotion. The company identified three trends for this year’s Chuseok gifts: heritage, wellness and homeconomy. Heritage items led funding, including a jewellery collection using domestic white jade and limited-edition traditional spirits. Wellness gifts focused on convenient health management. Homeconomy products eased cooking, storage and cleaning tasks.

Telecommunications & Media

Korea communications regulator waives TV licence fees for flood victims, cuts pay-TV bills

South Korea\'s Broadcast Media Communications Commission will support residents in parts of Gyeongsang Province designated as special disaster zones after summer heavy rain. It will waive TV licence fees for two months for affected residents in some areas of Andong and Uiseong in North Gyeongsang Province. It plans similar action for parts of Geoje and Tongyeong in South Gyeongsang once damage tallies are completed. Pay-TV providers will also cut monthly fees by 50 percent for one month.

Industry

Samsung Electronics provides 3 billion won to support flood recovery in Gyeongsang

Samsung donated 3 billion won to support residents in areas hit by torrential rains, including Geoje and Tongyeong in South Gyeongsang and Andong and Uiseong in North Gyeongsang, it said on Aug. 28. Nine affiliates joined the donation. Separately, Samsung will provide 1,000 emergency relief kits and 300 tent-type disaster relief shelters via the Korean Red Cross. Samsung Card will offer payment deferrals, interest reductions and loan maturity extensions for affected customers.