{"id":2205007,"date":"2024-05-07T16:35:24","date_gmt":"2024-05-07T07:35:24","guid":{"rendered":"https:\/\/koreapro.org\/?p=2205007"},"modified":"2024-05-08T14:30:45","modified_gmt":"2024-05-08T05:30:45","slug":"how-chinese-e-commerce-giants-are-disrupting-the-south-korean-market","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/05\/how-chinese-e-commerce-giants-are-disrupting-the-south-korean-market\/","title":{"rendered":"How Chinese e-commerce giants are disrupting the South Korean market"},"content":{"rendered":"
Chinese e-commerce platforms, particularly Temu and AliExpress, have gained significant market share in South Korea since last year by offering a wide range of products at competitive prices and employing aggressive marketing strategies.<\/span><\/p>\n Their entry has the potential to shake up the ROK\u2019s competitive e-commerce industry, at least initially expanding the range of consumer choices and driving down prices.<\/span><\/p>\n But the rapid rise of these Chinese companies has also raised an array of concerns \u2014 from fears about unfair competition and product safety to possible misuse of customer data \u2014 increasing pressure on the government to take regulatory action that could upset relations with Beijing.<\/span><\/p>\n DOMESTIC E-COMMERCE CHALLENGES<\/b><\/p>\n Temu<\/span><\/a>, which entered the South Korean market in July 2023, has seen its monthly active users (MAU) surge from 6.3 million in March to almost 7 million in April. Similarly, <\/span>AliExpress<\/span><\/a> has witnessed a substantial increase in its MAU, reaching almost 9 million in March, up from 7 million in January.<\/span><\/p>\n