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Alipay’s rise puts Korea on alert to private data breach
A store in Myeong-dong, Seoul South Korean fintech companies’ customer data transfer to Alipay, a Chinese payment platform, sets off…
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Coupang, CJ Cheiljedang end feud to resume Rocket Delivery
Coupang Inc., South Korea’s largest e-commerce platform, on Wednesday resumed the same or next-day delivery service, dubbed Rocket Delivery, for…
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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…
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Colosseum poised for next leap with global push
Colosseum FDs inside a fulfillment center (Courtesy of Colosseum) Colosseum Corporation Inc., a fulfillment startup based in South Korea, has…
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S.Korea fines AliExpress $1.4 mn for alleged privacy breach
AliExpress ad in South Korea South Korea’s privacy authority punished AliExpress including a fine of $1.4 million for allegedly not…
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Lotte leader Shin Dong-bin stresses pivot to AI-centered innovation
Lotte Group Chairman Shin Dong-bin (left) at the 2024 Lotte Investment Showcase, a gathering of in-house and independent startups Shin…
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Coupang opens Rocket Growth seller website
Coupang Inc., South Korea’s largest e-commerce platform, announced on Tuesday that it opened a dedicated website for sellers (sell.coupang.com) interested…
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Gmarket CEO vows to reclaim top with know-how from Alibaba, Coupang
Gmarket’s offline sales event in Seoul (File photo, courtesy of Gmarket) A new chief executive of South Korea’s Gmarket Inc.…
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Korean IPO boom sets new record; bubble bursts after debut
Trading room at Hana Bank’s headquarters in Seoul on July 2, 2024 South Korea’s initial public offerings in the first…
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Shein cracks Korea’s ultra-low-cost online fashion market
Korean actress Kim Yoo-jung was tapped as the first global ambassador for Shein’s fashion subbrand Dazy Shein, a Chinese fast…
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PwC’s Korean member taps new chiefs, creates finance unit
Samil PwC nominates Hong Joon-ki (left) as chief of the audit unit, Min Joon-seon as deals unit leader and Lee…
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Coupang fined $102 mn for alleged search algorithm manipulation
Coupang Inc., South Korea’s largest e-commerce platform, was fined 140 billion won ($102 million) on Thursday for allegedly manipulating search…
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Affluent Gen Xers lead e-commerce shopping in South Korea
(Courtesy of Getty Images) Affluent Generation Xers, also pioneers in the digital landscape who navigated the early days of personal…
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Naver beleaguered by weak Korean businesses amid Line woes
Naver headquarters in South Korea (Courtesy of Yonhap) South Kora’s online giant Naver Corp. is struggling with sluggish core domestic…
