Musinsa sales last year jumped 51 percent, though its operating profit shrunk 7 percent.
Lotte Mart has jumped into a price war that has intensified since Coupang went public last month. Lotte Mart has jumped into a price war that has intensified since Coupang went public last month.
When eBay Korea put itself on the block in January, Kakao seemed to be one of the most promising bidders as it does battle in the highly-competitive e-commerce market.
After a wildly successful IPO, Coupang is cashed up and ready to take on competitors gunning for the leadership position in Korea’s highly-competitive e-commerce market.
It’s been little more than a decade since Coupang was established, but the e-commerce operator has been a market disrupter that has set new retail rules.
Coupang is planning to list on the New York Stock Exchange (NYSE) in a $1-billion offering that could make it the largest foreign issuer in the United States since Alibaba.
Online shopping platform WeMakePrice named Ha Song as its new CEO and president.
eBay may be selling its Korean unit, which operates Gmarket and Auction.
Live commerce, the wacky but hugely successful format whereby customers are able to chat with an infomercial, has gone mainstream.
Staying close and keeping your state-mandated distance has never been easier, retailers say. Just use their online gift services from the comfort of your own isolation, wherever that may be.