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E-commerce Battleground Turns to ‘Easy Returns’

E-commerce Battleground Turns to ‘Easy Returns’

SEOUL, Feb. 18 (Korea Bizwire) — The e-commerce industry, which has long emphasized “fast delivery,” is now expanding its services, with competition now turning to offering “easy returns”. South Korea’s major shopping portal 11st said Monday that it has introduced a service to offset return costs caused by customers exchanging products, in which an insurance [...]

Imports of Japanese Consumer Goods Down for 7th Month amid Boycott

Imports of Japanese Consumer Goods Down for 7th Month amid Boycott

SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s imports of key consumer goods from Japan fell for the seventh consecutive month in January as a boycott of Japanese goods has dragged out amid their monthslong feud over their shared wartime history, data showed Tuesday. Imports of consumer goods from Japan dipped 35.9 percent from a [...]

Coronavirus Outbreak Means Slower Air Delivery for Korean Consumers

Coronavirus Outbreak Means Slower Air Delivery for Korean Consumers

SEOUL, Feb. 17 (Korea Bizwire) — The outbreak of the novel coronavirus has placed a strain on air cargo transportation worldwide, especially on routes to and from China and the U.S., and international logistics in general have slowed. “Because of the coronavirus, the number of aircraft departing from the U.S. has been reduced due to [...]

Convenience Stores More Profitable than Large Supermarkets in 2019

Convenience Stores More Profitable than Large Supermarkets in 2019

SEOUL, Feb. 17 (Korea Bizwire) — The slump in fortunes at large discount stores is continuing and the growth of convenience stores is accelerating in line with social changes, including an increase in the number of single-person households and the rising popularity of online shopping. Amid such circumstances, convenience store chains made more money than [...]

U.S. ITC Default Judgment Favors LG Chem over SK Innovation in EV Battery Case

U.S. ITC Default Judgment Favors LG Chem over SK Innovation in EV Battery Case

SEOUL, Feb. 16 (Korea Bizwire) — The U.S International Trade Commission (ITC) has made a preliminary ruling in favor of LG Chem Ltd. over its local rival SK Innovation Co. in their electric vehicle (EV) battery trade secret litigation, officials here said Sunday. “This preliminary ruling means that the ITC accepted LG Chem’s claims and [...]

Korean Fruit Sweeps Through Southeast Asian Market

Korean Fruit Sweeps Through Southeast Asian Market

SEOUL, Feb. 14 (Korea Bizwire) — Korean grapes and strawberries are gaining popularity in Vietnam and other Southeast Asian countries. The Ministry of Agriculture, Food and Rural Affairs and state-run Korea Agro-Fisheries & Food Trade Corp. (aT) reported grape exports of US$23 million last year, up by 64.2 percent over the previous year. Shine Muscats [...]