SEOUL, April 24, (Korea Bizwire) — South Korea’s retail sector is undergoing a seismic shift as e-commerce giants and traditional retailers alike double down on fresh food—a category once dominated by brick-and-mortar stores—as a key to future growth and survival. Coupang, the country’s leading e-commerce platform, is aggressively expanding its fresh food business in 2025, [...]
SEJONG, Jan. 20 (Korea Bizwire) — With Donald Trump’s inauguration as U.S. president on January 20, 2025, South Korea’s competition policy faces heightened uncertainty due to his administration’s protectionist agenda and potential pushback against regulatory moves targeting Big Tech firms. U.S. Resistance to South Korean Platform Regulation South Korea’s proposed legislative reforms aimed at curbing [...]
SEOUL, Nov. 19 (Korea Bizwire) – In a significant shift within South Korea’s retail landscape, companies are rapidly expanding their rapid delivery services beyond traditional e-commerce boundaries, with offerings ranging from same-day delivery to dawn delivery and motorcycle-based quick commerce. Naver, which alongside Coupang forms the dual powerhouse of South Korean e-commerce, is planning to launch [...]
SEOUL, Apr. 4 (Korea Bizwire) — A South Korean Army sniper team will participate in an international sniper competition in the United States this month for the first time, the South’s Army said Thursday. The team of three Army commandos of the 1st Corps and an interpreter will take part in the weeklong 2024 International [...]
SEOUL, Mar. 28 (Korea Bizwire) – South Korea’s e-commerce market has become the battleground for a high-stakes investment war between domestic giant Coupang and Chinese powerhouse AliExpress, as both companies aggressively pursue market dominance. The clash intensified after AliExpress, owned by the Alibaba Group, announced plans to invest $1.1 billion (1.5 trillion won) in South Korea [...]
SEOUL, Nov. 28 (Korea Bizwire) – Recent research shows that only 0.8 percent of regular employees at the top 100 listed companies have a chance of reaching executive positions. The Korea CXO Research Institute states that, based on this year’s revenue, the likelihood of promotion to executive roles for these employees is 0.83 percent, which is [...]
SEOUL, Oct. 17 (Korea Bizwire) – Amidst prolonged high inflation, large discount stores are fiercely competing to attract price-sensitive consumers who are eager to save even a penny. According to the retail industry, E-Mart has been organizing a group purchasing event called ‘Order Pick’ through the E-Mart app since April. ‘Order Pick,’ a term formed by combining [...]
SEOUL, July 17 (Korea Bizwire) — Some 800 competitors participated in the 2023 Lotte Aquathlon competition held on Sunday. The sports competition involves swimming 1.5 kilometers across Seokchon Lake in southeastern Seoul and running up 2,917 stairs to reach the top of the 123-story Lotte World Tower, South Korea’s tallest skyscraper. Initiated by Lotte Property [...]
CHEORWON, June 1 (Korea Bizwire) — Born a boy and now a woman, cyclist Na Hwa-leen is about to make history this weekend as the first transgender athlete to compete in a provincial event in South Korea. The 37-year-old is hoping her participation will spark a wider social debate on issues surrounding gender identity. “I [...]
JEONJU, April 11 (Korea Bizwire) — The city of Jeonju in North Jeolla Province will host the 16th Jeonju B-Boy Grand Prix at the outdoor stage in the National Intangible Heritage Center on May 5, officials said Monday. The competition was first held in 2007 after the South Korean breaking crew Last For One won [...]