SEOUL, Mar. 8 (Korea Bizwire) – In a strategic move to expand its distribution channels, CJ CheilJedang, a major South Korean food company, has launched its popular products, including Hetbahn rice dishes, Bibigo dumplings and beef bone soup, and Gourmet Chinese meals, on K-Venue, the dedicated Korean product category on Alibaba Group’s e-commerce platform, AliExpress. Starting [...]
SEOUL, Mar. 7 (Korea Bizwire) – In a striking surge, Chinese e-commerce companies are rapidly expanding their foothold in the South Korean market, leveraging ultra-low pricing as their primary strategy. Data from application and retail analysis service WiseApp reveals that these platforms are witnessing unprecedented growth in user numbers. As of last month, AliExpress, a leading [...]
SEOUL, Feb. 28 (Korea Bizwire) – Samsung Electronics Co. said Wednesday sales of its latest Galaxy S series smartphones have exceeded 1 million units in South Korea within just 28 days of their launch. The Galaxy S24 series, which was unveiled on Jan. 16, reached the 1 million mark on the previous day, beating the [...]
SEOUL, Feb. 26 (Korea Bizwire) – In a recent ruling, the Seoul Administrative Court dismissed the argument of an electronic cigarette liquid importer, Company A, that its product should not be classified as tobacco because it was extracted from the stem, not the leaves, of the tobacco plant. The importer had been importing e-cigarette liquid made [...]
SEOUL, Feb. 20 (Korea Bizwire) – Chinese online shopping platform Temu came under fire for its aggressive marketing tactics to lure customers in South Korea, industry sources said Tuesday. The direct purchase app, run by Chinese company PDD Holdings, has emerged as one of the popular shopping destinations for budget-conscious Korean consumers by giving away [...]
SEOUL, Feb. 20 (Korea Bizwire) – Shinsegae Department Store’s newly opened dessert specialty zone, “Sweet Park,” at its Gangnam branch, has become a sensation, attracting 100,000 visitors during its first weekend alone. Since its launch on February 15, dessert sales at the Gangnam branch surged by 204% compared to the same period last year, from February [...]
SEOUL, Feb. 20 (Korea Bizwire) –Shinsegae Department Store’s newly opened dessert specialty zone, “Sweet Park,” at its Gangnam branch, has become a sensation, attracting 100,000 visitors during its first weekend alone. Since its launch on February 15, dessert sales at the Gangnam branch surged by 204% compared to the same period last year, from February [...]
SEOUL, Feb. 19 (Korea Bizwire) – The utilization of Artificial Intelligence (AI) in the retail industry is advancing beyond basic search functionalities, personalized recommendations, and chatbot consultations, towards unmanned and hyper-personalized services. According to recent industry reports, a competitive race in AI development and application is unfolding across various sectors, including e-commerce, department stores, supermarkets, convenience [...]
SEOUL, Feb. 19 (Korea Bizwire) – The aggressive entry of Chinese e-commerce companies into the South Korean market, leveraging ultra-low prices, has raised concerns over their compliance with local laws. Criticisms are mounting as these firms are accused of frequently making use of advertisements that violate regulations through mobile applications and other digital channels, and showing [...]
SEOUL, Feb. 16 (Korea Bizwire) – The rapid penetration of Chinese e-commerce platforms like AliExpress and Temu, known for their ultra-low-priced products, into the South Korean market has prompted the government to take action. Concerns are growing that the domestic market for everyday consumer goods, including household items and clothing, could become dominated by “Made in [...]