SEOUL, Jun. 7 (Korea Bizwire) – Facing mounting losses due to the emergence of formidable “C-commerce” rivals like Alibaba’s AliExpress and Temu, South Korea’s major e-commerce players have embarked on aggressive cost-cutting measures. Industry experts predict that these efforts to bolster profitability, rather than pursue growth at any cost, will continue throughout the year as external [...]
SEOUL, Jun. 4 (Korea Bizwire) –CJ OnStyle, a South Korean home shopping channel, has revealed that its web drama series “Wake Up to a Latte” (unofficial translation) aimed at women in their 30s and 40s, has amassed over 10 million views, indicative of its growing popularity. “Wake Up to a Latte” debuted in September 2023, [...]
SEOUL, May 17 (Korea Bizwire) – South Korea will prohibit direct overseas purchases of products without safety certifications for 80 items that could potentially affect public health and safety, the government announced on May 16. At a meeting of ministers handling state affairs at the Incheon Airport Customs headquarters, Prime Minister Han Duck-soo unveiled measures to [...]
SEOUL, May 13 (Korea Bizwire) – The South Korean antitrust regulator said Monday it signed agreements with the Chinese retail platforms AliExpress and Temu meant to strive to prevent their selling of harmful products and better protect consumers. The move came as the customs agency found that some of the products sold on AliExpress, owned [...]
SEOUL, Apr. 23 (Korea Bizwire) – Choi Jang-hyuk, the vice chairperson of South Korea’s Personal Information Protection Commission, said on April 22 that he has made it clear to major Chinese internet companies operating in the domestic market, including Alibaba’s AliExpress and Temu, that they cannot be given a grace period to comply with the country’s [...]
SEOUL, Apr. 18 (Korea Bizwire) – The South Korean private information protection watchdog requested Chinese e-commerce giants Thursday to faithfully comply with the South Korean law on personal data protection, the agency said. Personal Information Protection Commission (PIPC) Vice Chairperson Choi Jang-hyuk made the request during a meeting in Beijing with officials from AliExpress, Temu [...]
SEOUL, Apr. 12 (Korea Bizwire) —South Korean e-commerce giant Coupang Inc. said Friday it will raise its monthly membership fee for paid users by 58 percent, in an apparent move to secure further capital amid growing challenges from Chinese rivals. Coupang plans to charge its paid WOW membership users 7,890 won (US$5.7) starting Saturday, [...]
SEOUL, Apr. 11 (Korea Bizwire) – Chinese online shopping platforms, such as AliExpress and Temu, have experienced a remarkable surge in sales, with an increase of over 130% in just six months since their entry into the South Korean market. The data reveals that transactions under 30,000 won accounted for the majority of sales, at 78% [...]
SEOUL, Apr. 8 (Korea Bizwire) — South Korea’s antitrust regulator has launched an inspection into China’s Temu shopping app on suspicions of the retail platform’s false advertising and other unfair business practices, officials said Monday. The Fair Trade Commission (FTC) recently sent documents to Temu for a probe to see if it violates South Korea’s [...]
SEOUL, Apr. 5 (Korea Bizwire) – South Korean consumers have been rapidly embracing Chinese e-commerce platforms like Alibaba’s AliExpress and Pinduoduo’s Temu, lured by steep discounts and aggressive promotional campaigns. However, this surge in popularity has not come without concerns over product quality, delivery delays, and regulatory compliance. AliExpress, a subsidiary of the Chinese tech giant [...]