SEOUL, Mar. 13 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it will strengthen the monitoring of unfair business acts by foreign platform operators and equally apply relevant domestic laws to them for swift and stern punishment for any illegalities. They are part of a set of measures presented by the Fair Trade Commission [...]
SEOUL, May 3 (Korea Bizwire) — French cosmetics giant L’Oreal said Thursday it will buy Nanda Co., one of South Korea’s leading online retailers, amid the global popularity of K-pop and Korean beauty items. L’Oreal said it will wholly purchase the makeup and fashion company, without disclosing the transaction price. It marks the French firm’s [...]
SEOUL, July 23 (Korea Bizwire) – Amid the situation where personal information breaches continue, online retailers are still negligent in managing their customers’ data. According to a data by the Seoul Electronic Commerce Center on July 22, a quasi-public organization established jointly by the Consumers Union of Korea and the Seoul City Government, based on a survey [...]
SEOUL, June 17 (Korea Bizwire) – The customs clearance procedure for goods bought from overseas online retailers will be simplified as of June 16. The Korea Customs Service announced on the 15th that it would introduce a new scheme from the next day for exempting the cumbersome import reporting process for goods worth less than US$100 (less [...]