Coupang has been named the world’s fastest-growing retailer for the second consecutive year. The company also jumped to seventh place in the rankings of global e-commerce companies.Coupang grew 66 percent annually on average from fiscal year 2015 to 2020, the fastest among the world's top 50 rap
The authors are analysts of Shinhan Investment Corp. They can be reached at shawn1225@shinhan.com and jhwon@shinhan.com, respectively. – Ed. Domestic leader in wound care, rising presence in trouble carewhich went public in November 2020, is a leading wound dressing manufacturer in Korea. The compan
Donginbi, Cheong Kwan Jang's premium red ginseng cosmetics brand, is now available on the world's largest e-commerce platform Amazon.Korea Ginseng Corp. (KGC) announced on Sept. 28 that it has opened a store on Amazon.com to target U.S. consumers who are interested in K-beauty and herbal cos
Samsung Electronics will launch the strategic phone Galaxy M31 in India on Feb. 25 to retake the top spot in the Indian market. The Galaxy M Series is an online sale-only phone launched by Samsung Electronics to reduce offline distribution costs. Recently, the global smartphone giant changed its str
NXC Corp. CEO Kim Jung-ju has recently informed potential buyers of his company of his decision to scrap the bidding process. Kim recently sent an e-mail to participants in the public tender through Morgan Stanley, the leading manager of the sale. He also individually contacted the leaders of the co
South Korean investors’ overseas stock transactions are expected to reach a record high this year again. The figure came to US$18.07 billion (21.16 trillion won) in the first half of the year alone, far surpassing half of last year’s total. Exchange traded funds (ETFs) took five of the top 10 spots
South Korean retail investors are shopping overseas stocks despite many factors to be considered such as fees, exchange rates and taxes. The reason is simple: a higher earnings rate. They prefer to purchase foreign stocks directly despite inconvenience rather than wait for ages to see stock prices g
Hyundai Department Store, a major retail group in Korea, has come under criticism by exaggerating its ties with an affiliate of U.S. online retail giant Amazon.The department store is planning to open a branch in Yeouido, central Seoul, in the second half of 2020 as a futuristic retail store. Regard
The smart speaker market competition has begun at home and abroad. Using an artificial intelligence (AI) platform, smart speakers recognizes the voice of users and allows them to stream music, search information and check news.In particular, smart speaker developers are in a tough competition to pre
LG has made the top 30 corporate reputation list in the United States, outpacing Samsung, Apple and Sony.According to the Harris Poll Reputation Quotient 2018 released by U.S. pollster Harris Poll on March 17, LG ranked 25th on the Harris Poll Reputation Quotient 2018 list with a score of 78.92.LG p
Amazon will help domestic sellers export products online. Since GMarket and 11st currently operate a reverse direct purchase platform in South Korea, there will be growing competition for online exporting.According to retail industry sources on September 24, Amazon Global Selling Korea will hold a p
It is said that the world's largest e-commerce company Amazon.com is about to enter the Korean market. Watching Amazon’s moves carefully, the local retail industry is in a mood to evaluate that Amazon’s entry into the Korean market will not have a big impact on the retail industry.According to the d
Samsung Group’s brand value ranked 6th in the world in 2017, one notch up from 2016.According to the latest “Brand Finance Global 500 Report” released on February 1 by the British evaluation consultancy Brand Finance, Samsung’s brand value amounts to US$66.2 billion in 2017, a 13% increase from US$5
Global information and communication technology (ICT) companies have begun a war for the expansion of artificial intelligence (AI) territories. Global ICT companies threw themselves into securing their partners and preoccupying new services in various areas such as home appliances, autonomous vehicl
Samsung Electronics’ new Gear VR virtual reality headset became sold out as soon as it was released in the domestic market.According to Samsung Electronics’ Online Store on Nov. 25, the first batch of the Gear VR was sold out within a day after the launch. The number of the first batch Samsung Elect
Korea is in the red in online trade. These days, the size of e-trading is growing at an explosive pace worldwide. The European Union is planning to triple the ratio of e-commerce users to 20 percent by 2020, and the United States is going to increase the ratio of B2C transactions to 27.3 percent by
Samsung Electronics is actively seeking to target the global market with the release of mid to low-priced phones so that it can compete with foreign companies like Xiaomi Technology or Micromax.According to smartphone news site GSMArena.com on Dec. 10 (local time), Samsung introduced the Galaxy Core
The world’s largest e-commerce retailer Amazon and social networking website Twitter have forged a strategic partnership. The Financial Times (FT) reported on May 5 (local time), “Through the tie-up, consumers on Twitter who see a tweet with an Amazon product link will be able to drop it into their
Popular foreign clothing, cosmetics, and watch brands will enter the Korean market on a large scale from March this year at half price. As major discount stores like Walmart, online shopping malls such as Amazon, and local wholesalers are expected to be added to the distribution channels dominated b
Global e-commerce giant Amazon lands in the Korean market this year, signaling a significant change in the local social commerce market. In particular, Amazon’s one-click payment and systematic transport logistics systems are expected to threaten Korean firms. At present, local online distribution c