competition Archives | Be Korea-savvy
E-commerce Operators Ignore Losses in Cutthroat Competition for Market Share

E-commerce Operators Ignore Losses in Cutthroat Competition for Market Share

SEOUL, Nov. 29 (Korea Bizwire) — Competition is heating up among South Korean e-commerce operators to get the upper hand in the market. Regardless of losses, they are making aggressive investments while focusing on increasing their market share. Investment has primarily focused on logistics centers and marketing. E-commerce giant Coupang Inc., which recently raised funds [...]

Competition Heating Up as Insurance Companies Square Off Against Internet Platforms: Study

Competition Heating Up as Insurance Companies Square Off Against Internet Platforms: Study

SEOUL, Aug. 5 (Korea Bizwire) — To become a winner in the future insurance market, traditional insurance companies and big tech firms are competing fiercely with a focus on dominating the service ecosystem in the health and mobility areas. In a report released on Wednesday, the Korea Insurance Research Institute said that the competitive edge [...]

Online Fashion Malls Growing at a Blistering Pace amid Stiffer Competition

Online Fashion Malls Growing at a Blistering Pace amid Stiffer Competition

SEOUL, July 27 (Korea Bizwire) — As the size of South Korea’s online fashion market expands, competition is heating up among major players to get the upper hand. Most of the nation’s online retailers specializing in fashion registered more than double-digit growth in transaction volume in the first half of this year, according to industry [...]

Competition Heats Up Among Delivery Apps to Recruit Enough Drivers

Competition Heats Up Among Delivery Apps to Recruit Enough Drivers

SEOUL, Nov. 23 (Korea Bizwire) — Amid the expansion of the delivery service market resulting from the spread of the COVID-19 pandemic, competition is heating up among South Korean delivery apps to speed up their delivery services. To this end, major delivery apps are doubling efforts to recruit enough delivery drivers. In August, the nation’s [...]

S. Korea’s Telecom Market Lacks Competition

S. Korea’s Telecom Market Lacks Competition

SEOUL, May 26 (Korea Bizewire) — South Korea’s telecommunications market dominated by three major firms lacks competition and needs to improve its structure to provide better services to consumers, a state-run think tank said Tuesday. The Korea Information Society Development Institute (KISDI) said although competition in the local telecom market, viewed as an oligopoly, has [...]