SEOUL, July 1 (Korea Bizwire) – South Korea’s data protection watchdog is nearing the completion of its probe into the Chinese e-commerce firms AliExpress and Temu over consumer data protection and will likely take actions soon upon its results, its chief said Monday. The investigation into the two companies “has been completed,” Ko Hak-soo, the [...]
SEOUL, Jul. 1 (Korea Bizwire) – South Korean e-commerce platforms appear to be regaining strength after facing intense pressure from Chinese competitors like AliExpress and Temu last year. This resurgence comes as concerns over the safety of low-cost Chinese products have risen, and domestic platforms have launched aggressive promotional campaigns to win back customers. According to [...]
SEOUL, Jun. 29 (Korea Bizwire) – In a battle for dominance in the burgeoning cross-border e-commerce market, international platforms are intensifying their efforts to capture a slice of South Korea’s booming overseas sales sector, particularly in the realm of K-beauty products. Shopee, Southeast Asia’s largest e-commerce platform, announced plans to expand support for Korean products seeking [...]
SEOUL, Jun. 25 (Korea Bizwire) – In a surprising turn of events, South Korea has become the latest battleground for global e-commerce giants, with YouTube making an unprecedented move to launch its first shopping-dedicated store feature in the country. On June 23, industry sources revealed that YouTube, in collaboration with Cafe24, a KOSDAQ-listed e-commerce solutions company, [...]
SEOUL, June 14 (Korea Bizwire) – Lotte Home Shopping, a major South Korean home shopping channel, has achieved remarkable sales through its innovative “300 Second Bargain” TV segment, marking a first for the industry. In a pioneering move, Lotte Home Shopping introduced the “short-form” format to its live TV broadcasts in March, offering daily essentials at [...]
SEOUL, Jun. 13 (Korea Bizwire) – In an unprecedented move, South Korea’s antitrust regulator, the Fair Trade Commission, has levied a record fine of 140 billion won against Coupang, the country’s largest e-commerce company, on allegations of unfairly favoring its own products over those of third-party sellers. The staggering penalty, the highest ever imposed [...]
SEOUL, Jun. 7 (Korea Bizwire) – Facing mounting losses due to the emergence of formidable “C-commerce” rivals like Alibaba’s AliExpress and Temu, South Korea’s major e-commerce players have embarked on aggressive cost-cutting measures. Industry experts predict that these efforts to bolster profitability, rather than pursue growth at any cost, will continue throughout the year as external [...]
SEOUL, Jun. 4 (Korea Bizwire) –CJ OnStyle, a South Korean home shopping channel, has revealed that its web drama series “Wake Up to a Latte” (unofficial translation) aimed at women in their 30s and 40s, has amassed over 10 million views, indicative of its growing popularity. “Wake Up to a Latte” debuted in September 2023, [...]
SEOUL, May 17 (Korea Bizwire) – South Korea will prohibit direct overseas purchases of products without safety certifications for 80 items that could potentially affect public health and safety, the government announced on May 16. At a meeting of ministers handling state affairs at the Incheon Airport Customs headquarters, Prime Minister Han Duck-soo unveiled measures to [...]
SEOUL, May 13 (Korea Bizwire) – The South Korean antitrust regulator said Monday it signed agreements with the Chinese retail platforms AliExpress and Temu meant to strive to prevent their selling of harmful products and better protect consumers. The move came as the customs agency found that some of the products sold on AliExpress, owned [...]