COUPANG INC. CLARIFIES DEATH OF NEW WORKER WAS DUE TO HEART ABNORMALITIES

Highlights –

• Coupang Inc. clarifies death new worker was due to heart abnormalities.
• The parcel delivery worker was only on his second day on the duty.
• The delivery worker’s death was initially speculated from apparent overwork....

S. KOREA E-COMMERCE COMPANY COUPANG INC. TO DEBUT IN NYSE

Highlights –

• S. Korea e-commerce company Coupang Inc. to debut in NYSE.
• The e-commerce company is set to fix its IPO within next week.
• Coupang is hoping to price its offering at between US$27 and $30 per share to raise up to $3.6 bill...

LOTTE ON STRIKES GOLD IN ONLINE LUXURY GOODS AND HOME APPLIANCES SALE

• For over half a year, Lotte Shopping's most touted online mall Lotte On was not able to prove its mettle against major e-commerce firms like Coupang and eBay Korea.
• Lotte Shopping started its online business too late in April and it failed to offer any spectacular services ...

STARBUCKS KOREA TO THE RESCUE OF SHINSEGAE IN ITS ONLINE BUSINESS VENTURE

• Starbucks Korea, which collaborates with local retail giant Shinsegae, is helping its business ally improve its online business performance by launching an exclusive Starbucks store at the latter's outlets.
• SSG.com, Shinsegae’s e-commerce arm saw a 10-percent rise in ...

COUPANG CHOICEST ONLINE RETAIL PLATFORM OF MILLENNIALS

• Coupang was selected as the most visited online retail platform by millennials in a survey conducted by the UnivTomorrow Research Laboratory for the Twenties, the firm said Tuesday.
• The survey also showed that 47.1 percent of millennial Koreans have joined the Rocket Wow Club, ...

COUPANG UNDER LOCAL WATCHMAKERS IRE FOR EVADING THEIR BILLIONS BY COUNTERFEITING

• The country's top online retailer Coupang has been reprimanded for not properly monitoring the sales of fake luxury products on its platform.
• The Korea Watch & Clock Industry Cooperative (KOWIC) filed a claim against Coupang for disruptions after small- and medium-sized...

COUPANG AMASSING BIG TICKET TAKEOVERS AND OTT SERVICES AKIN TO AMAZON

• The country's largest e-commerce firm Coupang has been replicating every business strategy its U.S. role idol Amazon has adopted.
• Its recent move to start its own over-the-top (OTT) service seems to be a move to offer video on demand (VOD) streaming services like that of Am...

RETAIL STORES LOSING OUT TO ONLINE SHOPPING; LIVE COMMERCE TO THE FORE

• The digitization of retail here has been forcing more and more people to shop online.
• At first, people were uncomfortable with internet shopping because they were much scared of paying for the product and receiving it after a week and at times not receiving it at all.  

E-COMMERCE PLATFORMS OFFERING HYPER-LOCAL SERVICES TO NET-SAVVY AMIDST ONGOING PANDEMIC

• More major e-commerce platforms are offering hyper-local services as demand for farm-fresh food in online shopping continues to rise amidst the ongoing pandemic, according to industry sources.
• In September, WeMakePrice announced it would start offering a full refund to customer...

SOUTH KOREA COVID-19 UPDATE – 29.5.2020

• South Korea reported more than 50 new virus cases for the second consecutive day Friday.
• All the new cases in the Seoul metropolitan area were due to logistics center-tied cluster infections, threatening to derail health authorities' virus fight amid lingering concerns abou...

SOUTH KOREA COVID-19 UPDATES – 28.5.2020

• According to health authorities, South Korea reported 79 cases of novel coronavirus Thursday.
• The country recorded the highest single-day daily increase since April 5. The nationwide total now stands at 11,344.
• Sixty-eight of the 79 new cases were from the local tran...