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Regulator Launches Investigation into Coupang’s Alleged Unfair Practices

Regulator Launches Investigation into Coupang’s Alleged Unfair Practices

SEOUL, July 6 (Korea Bizwire) — After stoking a series of controversies, including a fire at a logistics center and a poor working conditions, e-commerce giant Coupang Inc. is now facing a government investigation into alleged unfair practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law [...]

Shinsegae-led Consortium Picked as Preferred Bidder for eBay Korea

Shinsegae-led Consortium Picked as Preferred Bidder for eBay Korea

SEOUL, June 16 (Korea Bizwire) — A South Korean conglomerate Shinsegae-led consortium has been picked as the preferred bidder for eBay Korea, the South Korean unit of e-commerce giant eBay, beating its local rival Lotte Shopping and heralding a seismic change in the country’s e-commerce sector, industry sources said Wednesday. The Shinsegae-Naver consortium reportedly offered [...]