Tag: commerce

commerce

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A woman holds up a promotional poster announcing convenience store chain CU's new 24-hour delivery system. [CU]

Convenience stores target late-night snackers with new 24-hour delivery

Convenience stores CU and GS25 will begin offering 24-hour delivery service via the food delivery app Coupang Eats starting Tuesday, the chains announced on Monday.

2026.5.18

An Olive Young store in Gyeongju, North Gyeongsang [OLIVE YOUNG]

Olive Young, Musinsa, others expand in Korea beyond Seoul in hunt for new customers

Beauty and fashion retailers are expanding their operations beyond Seoul by opening new stores and investing heavily in local markets as they make efforts to use shifting shopping habits to their advantage and to attract new customers.

2026.4.11

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Coupang's monthly active users decline for 3rd straight month in February

Monthly active users of Coupang fell for the third consecutive month in February following a large-scale data breach incident disclosed by the e-commerce company late last year, industry data showed Tuesday.

2026.3.3

Workers classify parcels at a logistics center in southern Seoul. [YONHAP]

Gov't to revise distribution industry act to address imbalances between online, offline businesses

The Democratic Party (DP), the government and the Blue House decided to revise the Distribution Industry Development Act at a high-level policy meeting at the prime minister’s official residence in Samcheong-dong, central Seoul, on Sunday.

2026.2.9

Coupang delivery trucks are seen at a logistics center in Seoul on Nov. 21. [YONHAP]

Has Coupang outgrown its management? Deaths, data breaches, legal woes suggest yes.

Coupang faces mounting criticism amid a series of high-profile scandals that cast a shadow over its rapid growth and prompt calls to strengthen its ethical management and improve labor conditions.

2025.11.23

A picture shows the Naver headquarters in Seongnam, Gyeonggi on Nov. 5. [YONHAP]

Naver tops 3 trillion won in quarterly revenue for first time as commerce, fintech businesses flourish

Naver surpassed 3 trillion won ($2.1 billion) in quarterly revenue for the first time, driven by strong growth in its commerce and fintech businesses, the company announced on Wednesday.

2025.11.5

The photo shows the exterior of the International Media Center in Gyeongju, North Gyeongsang on Oct. 27. [NEWS1]

Korea's retail, food, beauty brands make big marketing push ahead of Gyeongju APEC summit

Korea’s retail, food and beauty industries are launching aggressive marketing campaigns ahead of the Oct. 31 APEC summit in Gyeongju, North Gyeongsang, using the summit as a platform to promote Korean brands to an international audience.

2025.10.27

Chinese Ministry of Commerce spokesperson He Yadong, Chinese trade negotiator Li Chenggang and Deputy Director of the Cyberspace Administration of China Wang Jingtao hold a press conference on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, on Sept. 15. [REUTERS/YONHAP]

China urges Japan to stop putting Chinese firms on export control list

Japan harmed the interests of Chinese and Japanese firms by adding some Chinese entities to its export control list, Beijing's Ministry of Commerce said in a statement on Monday.

2025.9.29

U.S. Rep. Adam Smith, Democrat of Washington, speaks as he stands next to Rep. Ro Khanna, Democrat of California and member of the House Armed Services Committee; Chrissy Houlahan, Democrat of Pennsylvania and member of the House Armed Services Committee; and Michael Baumgartner, Republican of Washington and member of House Foreign Affairs Committee during a press conference at the American Chamber of Commerce in Shanghai on Sept. 25. [REUTERS/YONHAP]

Nearly half of U.S. companies in Europe expect declining economic ties, survey shows

Almost half of all U.S. companies operating in Europe believe transatlantic economic relations will worsen, according to an American Chamber of Commerce to the European Union survey.

2025.9.26

European Chamber of Commerce in Korea (ECCK) Chairman Philippe van Hoof speaks during a press conference at the Korea Press Center in Jung District, central Seoul on Sept. 25. [EUROPEAN CHAMBER OF COMMERCE IN KOREA]

European companies may ultimately withdraw from Korea over Yellow Envelope Bill: ECCK

The European Chamber of Commerce in Korea (ECCK), which represents European companies operating in Korea, has once again raised concerns over the so-called "Yellow Envelope Bill," warning it could constrain foreign companies' operations.

2025.9.25