SEOUL, Apr. 8 (Korea Bizwire) — Children’s products sold on AliExpress, one of the biggest Chinese online retail platforms, have been found to contain cancer-causing substances as much as 56 times higher than permitted levels, the Seoul city government said Monday. The city released the discovery following a recent safety examination of 31 best-selling products [...]
INCHEON, Apr. 8 (Korea Bizwire) – Alarmingly high levels of cancer-causing heavy metals have been detected in inexpensive jewelry sold on popular Chinese e-commerce platforms, prompting South Korean customs officials to crack down on the hazardous imports. The Incheon Central Customs Office announced on April 5 that tests on 404 jewelry items purchased from sites [...]
SEOUL, Apr. 5 (Korea Bizwire) – South Korean consumers have been rapidly embracing Chinese e-commerce platforms like Alibaba’s AliExpress and Pinduoduo’s Temu, lured by steep discounts and aggressive promotional campaigns. However, this surge in popularity has not come without concerns over product quality, delivery delays, and regulatory compliance. AliExpress, a subsidiary of the Chinese tech giant [...]
ULSAN, Apr. 4 (Korea Bizwire) — South Korean shipbuilder HD Hyundai Heavy Industries Co. on Thursday delivered a 3,000-ton diesel submarine to the Navy, which will serve as a key asset to deter threats posed by North Korea. The submarine, named after famous Korean independence activist Shin Chae-ho (1880-1936), was delivered to the Navy at [...]
SEOUL, Apr. 3 (Korea Bizwire) — Baedal Minjok, or Baemin, a delivery app, said Wednesday it will begin delivering Starbucks coffee and food in South Korea from later this month as it strives to strengthen its services. Starbucks has delivered its coffee, variation beverages and food products to customers through its own app. Baemin will [...]
SEOUL, Apr. 3 (Korea Bizwire) — South Korea’s top container shipper HMM Co. said Wednesday it has signed a deal with global terminal operator Shanghai International Port Group (SIPG) on cooperation in the supply of eco-friendly fuel for the Chinese port. The memorandum of understanding calls for HMM to cooperate with SIPG in providing clean [...]
SEOUL, Apr. 3 (Korea Bizwire) — The Supreme Court has confirmed the conviction of a liquor tycoon’s scion indicted for offering illicit business favors to a subsidiary, judicial officials said Wednesday. In a ruling made March 12, the top court upheld a prison sentence of one year and three months, suspended for two years, for [...]
SEOUL, Apr. 3 (Korea Bizwire) – Following in the footsteps of AliExpress, another major Chinese e-commerce platform, Temu, announced on April 2 the establishment of its South Korean subsidiary. Named “Whaleco Korea LLC,” the new venture marks Temu’s strategic expansion into the South Korean market. The establishment of Whaleco Korea LLC on February 23rd was confirmed [...]
SEOUL, Apr. 2 (Korea Bizwire) — Hanwha Ocean Co., the world’s third-largest shipbuilder by order backlog, said Tuesday it has bagged an order worth 1.24 trillion won (US$919.6 million) to build four liquefied natural gas (LNG) carriers for an Asian shipper. Hanwha Ocean said it will build the vessels at its shipyard in Geoje on [...]
SEOUL, Apr. 1 (Korea Bizwire) – In a seismic shift for South Korea’s retail landscape, the e-commerce giant Coupang has surpassed the long-dominant E-Mart to become the country’s highest-ranked retail brand, according to the latest quarterly evaluation by brand consultancy BrandStock. Coupang achieved a brand stock top index (BSTI) score of 902.8, vaulting to 9th place [...]