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Cheap Chinese goods are flooding into Korea amid the growing presence of Chinese e-commerce platforms, creating both favorable and unfavorable circumstances for the Korean economy as it tries to lessen reliance on China, according to scholars and consumer groups, Friday.
Cheap Chinese goods are flooding into Korea amid the growing presence of Chinese e-commerce platforms, creating both favorable and unfavorable circumstances for the Korean economy as it tries to lessen reliance on China, according to scholars and consumer groups, Friday.
China surpassed the US to become the top direct purchase choice for South Korean online shoppers, but that may deal a blow to local manufacturers, who lag behind Chinese rivals in cost competitiveness.