July 9, 2024

In a significant blow to South Korea’s leading e-commerce platform, Coupang, the Fair Trade Commission (FTC) has imposed a hefty fine of 140 billion won (approximately $110 million) for allegedly manipulating search algorithms and posting fake product reviews. This development marks a severe setback for Coupang, a dominant player in the country’s highly competitive e-commerce […]

In an unprecedented move, South Korea’s Fair Trade Commission (FTC) has levied a record fine of 140 billion won (approximately $110 million) against e-commerce giant Coupang and its subsidiary. The highest penalty imposed on a distribution company in South Korea stems from allegations that Coupang manipulated search algorithms and posted fake reviews to boost its

Temu’s Global Expansion Hits a Snag Vietnam is emerging as a new darling in the global cross-border e-commerce landscape, thanks to its unique attractiveness within Southeast Asia. Recent reports highlight that Vietnam’s digital economy has experienced explosive growth in recent years. Last year, this sector contributed approximately 16.5% to the country’s GDP, with an annual