SEOUL, March 25 (Korea Bizwire) — South Korea’s Fair Trade Commission (FTC) has issued a warning to Costco Korea for violating e-commerce laws by requiring customers to visit physical stores to cancel certain membership types while allowing online sign-ups. The regulatory action, announced on March 24, specifically targeted Costco’s policy regarding its Executive memberships, which [...]
SEOUL, March 17 (Korea Bizwire) — Naver has officially entered South Korea’s e-commerce arena with a dedicated shopping app, sparking industry speculation about whether it can effectively challenge Coupang’s market leadership. The tech giant unveiled its Naver Plus Store app on March 12, marking its formal transition into an open market platform operator. While industry experts acknowledge [...]
SEOUL, March 11 (Korea Bizwire) — “Don’t suffer in silence anymore. Take revenge on those who have wronged you,” reads the product description for a straw doll on a popular South Korean e-commerce platform. These modern interpretations of traditional voodoo dolls, priced at around 10,000 won each, are being marketed as stress-relief tools for dealing with workplace [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s e-commerce market is entering a new phase of competition as major players escalate their efforts to enhance delivery services, aiming to challenge Coupang’s dominance in logistics. With next-day delivery now an industry standard, retailers are racing to expand same-day shipping to differentiate themselves and meet rising consumer [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s e-commerce giants are increasingly venturing into the luxury goods market, seeking new revenue streams amid a slowdown in industry growth over the past few years. According to industry sources, online retailer Kurly launched a luxury shopping platform in December 2024, offering 990 products from over 30 high-end brands, [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s e-commerce sector saw a challenging 2024, with economic pressures leading to reduced consumer spending across platforms. Despite these headwinds and competition from Chinese e-commerce players like AliExpress and Temu, Coupang and SSG.com maintained strong customer loyalty, according to data released on January 26 by analytics firm IGAWorks. SSG.com [...]
SEOUL, Jan. 7 (Korea Bizwire) — Shinsegae Group and China’s Alibaba Group have joined forces to form a strategic e-commerce alliance, a move that has drawn close attention from Coupang, South Korea’s market leader in online retail. The partnership, announced on January 6, could significantly alter the competitive dynamics of the e-commerce sector. Coupang’s senior [...]
SEOUL, Jan. 6 (Korea Bizwire) — Chinese businesses are making significant inroads into South Korea, diversifying their presence across retail, electric vehicles (EVs), e-commerce, and consumer electronics. This trend reflects a broader shift as Chinese companies seek to offset slowing domestic growth and navigate rising trade barriers in the U.S. and Europe. Retail Resurgence: Miniso’s [...]
SEOUL, Nov. 4 (Korea Bizwire) – In response to growing privacy concerns over leaked surveillance footage appearing on adult websites, major South Korean e-commerce platforms are implementing new measures to help consumers protect their IP camera systems from unauthorized access. The move comes after sensitive footage from private homes, vacation rentals, and even plastic surgery operating [...]
OXFORD, United Kingdom, Oct. 28 (Korea Bizwire) — Unipart, the supply chain solutions and performance improvement technologies partner, has won a three-year contract with Vanchanggo, a rapidly-expanding B2B and B2C pet supplies retailer based in South Korea. Unipart will provide comprehensive e-commerce services to Vanchanggo from its 12,000m² facility in the Gyeonggi-do Province, optimising its [...]