South Korean Fashion Platforms Defy Chinese Competition, Report Strong Growth in 2024
SEOUL, April 8 (Korea Bizwire) — Despite intensifying competition from Chinese e-commerce giants AliExpress, Temu, and Shein—often collectively referred to as “Al-Te-Shi”—South Korea’s leading online fashion platforms posted robust growth in both revenue and profitability last year, marking a notable defense of their market positions. According to industry data released Monday, Musinsa, the country’s top online [...]
