SEOUL, Nov. 27 (Korea Bizwire) — A public petition opposing a potential ban on South Korea’s popular dawn delivery services surpassed 25,000 signatures on Thursday, one day before a government-labor-industry dialogue committee is set to meet for a third round of discussions on the issue. The petition, filed by a self-described working mother, argues that overnight [...]
SEOUL, Nov. 25 (Korea Bizwire) — A new joint venture between South Korea’s Shinsegae Group and China’s Alibaba International has begun operations with major year-end promotions, signaling the start of what many in the retail sector expect will be a reshaping of the country’s e-commerce landscape. Grand Opus Holdings, the JV formed by the two companies, [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s logistics and e-commerce industries are embroiled in a fierce debate over a proposed ban on deliveries between midnight and 5 a.m., a move labor groups say is needed to protect workers’ health but businesses warn would disrupt jobs and consumer convenience. The controversy began after the Korean Confederation [...]
SEOUL, Nov. 5 (Korea Bizwire) — Coupang reported record-high sales for the third quarter of 2025, buoyed by increased customer spending on its Rocket Delivery service and rapid growth in new ventures such as its Taiwan operations and Coupang Eats. Yet analysts warn that the company’s profitability remains stagnant, with operating margins stuck in the [...]
SEJONG, Nov. 3 (Korea Bizwire) – Online shopping sales in South Korea increased 13.3 percent from a year earlier to a record high for any September, driven by strong sales of Tesla vehicles and rising demand for food services, data showed Monday. The value of online shopping transactions stood at 23.79 trillion won (US$16.61 billion) [...]
SEOUL, Oct. 30 (Korea Bizwire) — A fierce contest has erupted among major financial institutions and fintech startups in South Korea as they vie for preliminary approval to operate the country’s first licensed trading platforms for fractional investments. According to industry sources, three consortiums have submitted applications ahead of the October 31 deadline, with the [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korean retailers are gearing up for a surge in global shopping demand next month, timing major overseas promotions with U.S. Black Friday and China’s Singles’ Day as they seek to capture more spending from international consumers. W Concept, operated by Shinsegae, will run a two-week “W Week” promotion on [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s leading food delivery platform Baemin is facing fresh criticism over allegations that it tacitly allowed restaurant owners to inflate menu prices before applying promotional discounts, effectively misleading consumers. According to a report released Monday by the Fair Platform Business Owners Association (or For Fair Platform), a Baemin [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean e-commerce giant Coupang has found itself at the center of a political and legal storm after a prosecutor alleged that senior officials pressured investigators to clear the company of wrongdoing in a wage-related case — a revelation that has reignited debate over prosecutorial reform and cast new scrutiny [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s leading food delivery platform Baedal Minjok (Baemin) is seeing surging demand for its “One Bowl” service, which targets the country’s rapidly expanding population of single-person households. According to the company, cumulative orders for the service — launched in April — exceeded 10 million by the first week [...]