Korea Joongang Daily
Korea JoongAng Daily

Korea, China agree to fight knockoffs, as countries sign series of MOUs

Korea and China signed more than 20 preliminary agreements in the retail, entertainment and tech sectors for joint projects and export expansion during President Lee Jae Myung’s state visit to China on Monday.

2026-01-05

Pentagon suggests adding Alibaba, Baidu, BYD to list for aiding China military, Bloomberg News reports

The Pentagon has concluded that Alibaba Group Holding, Baidu Inc and BYD Co. should be added to a list of companies that aid the Chinese military, Bloomberg News reported on Wednesday.

2025-11-27

Korea's corporate growth gains too little, too concentrated in finance, KCCI says

Over the past decade, revenue growth among leading global companies shows stark contrasts in both magnitude and industrial focus, with Korea logging moderate growth in finance while the United States and China surged in the technology sector.

2025-09-24

Huawei's AI lab denies that one of its Pangu models copied Alibaba's Qwen

Huawei's artificial intelligence (AI) research division has rejected claims that a version of its Pangu Pro large language model has copied elements from an Alibaba model, saying that it was independently developed and trained.

2025-07-07

Alibaba.com launches Trade Assurance service in Korea

Global B2B e-commerce platform Alibaba.com said Monday it has launched its Trade Assurance service in Korea to help local small- and medium-sized enterprises expand exports more safely and transparently.

2025-07-07

Alibaba's new data center in Korea to begin operation this month

Alibaba Cloud, a data cloud computing arm of China's Alibaba Group, said Thursday its second data center in Korea will start operation later this month.

2025-06-19

Shinsegae shares drop as Alibaba deal deemed unlikely to increase short-term profits

Shinsegae Group shares dropped Friday as analysts said the retail group's recent deal with Alibaba to form a joint venture on their respective online marketplaces was not likely to increase profits for shareholders in the short term.

2024-12-27

Alibaba invests $71M in e-commerce platform Ably in bid to expand in Korea

Alibaba Group has invested 100 billion won in Ably Corporation, the Korean e-commerce firm behind fashion platforms Ably and 4910, as it seeks to expand in the local market.

2024-12-03

Qoo10 platforms scramble for takeovers to escape cash crisis

WeMakePrice, TMON and other Qoo10-owned platforms are looking for buyers to unburden themselves from the parent company's liquidity crisis with the CEO's blessing.

2024-08-01

Alibaba to launch South Korean Pavilion exclusively for local sellers

Alibaba.com will launch a new website exclusively for Korean sellers to link up with global purchasers.

2024-07-22