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Korea s logistics firms upscale facilities on Chinese e-commerce rise

Korean logistics companies are boosting their investment in their facilities to cope with the country’s increasing direct purchases from China, industry sources said Tuesday. According to Korea Customs Service, the number of items purchased through Chinese online shopping platforms last year reached 88.8 million, up 70.3 percent on-year. The combined value of those transactions also came to some 3.3 trillion wo.

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Concerns mount over AliExpress triggering price war among logistics, retail firms in Korea

Korea’s logistics and retail firms are feared to fall victim to what appears to be an incessantly growing influence of AliExpress and Temu, as the Chinese e-commerce firms could leverage their dominant clout to the detriment of local partners and customers, according to industry insiders.

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CJ Logistics, Once Seen as a Stock Market Underdog, Surges Amidst a Shifting Landscape

CJ Logistics, Once Seen as a Stock Market Underdog, Surges Amidst a Shifting Landscape
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Gov t to approve Coupang s logistics business registration

Gov t to approve Coupang s logistics business registration Posted : 2020-12-15 09:06 Updated : 2020-12-15 20:05 Coupang s delivery vehicle makes overnight delivery on a road in Seoul, Nov. 2. / Courtesy of Coupang By Kim Jae-heun The government is likely to approve Coupang s application to register a logistics business by the end of this year. Every year we evaluate candidates based on whether or not they meet our requirements to start a courier business and Coupang is said to have passed all relevant standard and quality checks, a Ministry of Land, Infrastructure, and Transport official said. After proceeding with the remaining procedures, we will announce the list of successful applicants later this month. The ministry is the authority in charge of issuing business licenses.

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