Chinese e-commerce growth stalls in South Korea
Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...
Lee Jae-myung vows to end politics of division, seek pragmatic diplomacy
Lee Jae-myung was formally sworn in as South Korea’s new president on Wednesday, pledging to unite a divided nation, revitalize the economy an...
JD.com opens Korean logistics centers, preluding C-commerce invasion
JD.com, often dubbed China’s answer to Amazon.com, has opened its own logistics centers in South Korea, becoming the first Chinese e-commerce ...
Naver, Kurly tie up to counter e-commerce giant Coupang
South Korea’s online giant Naver Corp. and dawn grocery platform service provider Kurly Inc. have joined forces for a potential stake acquisit...
US Chamber of Commerce sees Korea’s business penalties as trade barrier
The US Chamber of Commerce, the country’s largest lobbying group, told Washington that South Korea’s penalties on businesspeople are amo...
S.Korean grocery delivery platform Oasis at forefront to acquire TMON
South Korea’s grocery delivery platform Oasis Corp., which has been looking to expand its e-commerce market at home and abroad, is seeking to ...
US Defense Secretary Pete Hegseth eyes March visit to Seoul
US Defense Secretary Pete Hegseth is arranging a visit to South Korea next month to inspect shipyards and discuss cooperation on naval vessel constr...
Korean e-commerce platforms’ growth cools; Naver Shopping sales down
South Korea’s major e-commerce platforms, including Naver Shopping, are showing signs of slowing growth amid the rise of Chinese platform gian...
Small firms emerge as prime targets of management disputes in Korea
Small and medium-sized enterprises (SMEs) accounted for the majority of disputes over corporate management control in South Korea last year, with th...
Coupang Eats starts food delivery service in Japan
Coupang Eats, a food delivery app operated by South Korea's No. 1 e-commerce platform Coupang Inc., launched its first overseas service in Japan.Acc...
Sales of K-Beauty surges in US e-commerce
The popularity of South Korean cosmetics in the US has increased, with sales of the products growing at four to five times the rate of the market ...
Allsale, K-beauty's leading ambassador to the US
Allsale Corporation, a South Korean startup operating an influencer marketing platform, is in talks with investors to further support Korean cosmeti...
Coupang, Naver in dead heat for South Korea’s e-commerce market lead
Coupang Inc. and Naver Corp., South Korea's top two e-commerce players, are expected to further narrow the gap in their race for the market lead thi...
Korea’s Shinsegae, China’s Alibaba to set up e-commerce joint venture
South Korea’s retail conglomerate Shinsegae Group has joined forces with Chinese online shopping giant Alibaba Group Holding Ltd. to better co...
Coupang launches Rocket Pet Doctor 2.0 with personalized pet nutrition
Coupang Inc., South Korea’s largest e-commerce platform, said on Wednesday that it has launched "Rocket Pet Doctor 2.0," an upgraded personali...
Coupang CEO to reduce stake in e-commerce platform
Coupang Inc. founder and Chief Executive Bom Kim will sell shares and donate additional ones in the South Korean e-commerce platform for tax payment...
Coupang posts record quarterly sales, swings to Q3 operating profit
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, posted its highest quarterly sales in the third quarter and swung to...
Korean cosmetics fly off shelves on Amazon, other e-commerce platforms
South Korean cosmetics are top picks among beauty products on Amazon.com and other global e-commerce platforms amid the growing popularity of K-beau...
Chabot Mobility raises $900,000 in Series C round
South Korea's automotive management platform startup Chabot Mobility said on Wednesday that it raised 1.2 billion won ($900,000) in a Series C inv...
Hanjin, China's AWOT set up e-commerce logistics JV
Hanjin Transportation Co., a South Korean logistics company, said on Friday it has established an e-commerce logistics joint venture with China&rsqu...
CJ ENM’s CJ Onstyle bets big on live commerce
CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., will embark on mobile li...
Kakao to launch conversational AI platform for B2C commerce
South Korean mobile platform giant Kakao Corp. said on Thursday that it will accelerate its artificial intelligence push by launching a conversation...
Coupang posts 1st quarterly loss in two years; revenue soars
Coupang Inc., South Korea's e-commerce behemoth, posted its first quarterly loss in two years after booking the hefty fine imposed in relation to it...
US to award SK Hynix up to $450 mn for Indiana chip complex
The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...
Korean e-commerce startup funding sharply drops since 2022
South Korean e-commerce companies have seen a sharp decline in series A funding over the past three years amid intensifying competition with Chinese...
Korean e-commerce platforms struggle to draw new capital
South Korean online marketplace operators are struggling to attract investors amid deteriorating profitability and the financial turmoil facing dome...
Qoo10’s Korean units delay seller payments amid expansions
Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...
Affinity-backed SSG.COM offers 1st voluntary redundancies
Money-losing SSG.COM, once the most popular online shopping mall in South Korea, is asking some of its employees to volunteer to leave the company f...
Korean grocery delivery platform Oasis to buy e-commerce 11Street
South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street Co. to ramp up its ...
Shopee to ramp up Korean goods sales in Vietnam, Thailand
Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...
