South Korean Shipping Companies Tackle Challenges: The Competitive Path of Large Container Ships

South Korean Shipping Companies Tackle Challenges: The Competitive Path of Large Container Ships

As competition intensifies in the global shipping market, South Korean shipping companies urgently need to acquire ultra-large container ships to reduce costs and enhance their market competitiveness. However, liquidity issues and financing difficulties complicate this goal. Additionally, overcapacity in the industry and falling freight rates pose challenges to profitability. Regulatory authorities oppose the merger of two companies, citing potential negative impacts on the overall economy. In the future, businesses must find a breakthrough between new ship investments and market adaptation, with hopes for a recovery.

07/21/2025 Logistics
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Temu Expands into South Korea with Diversified Approach

Temu Expands into South Korea with Diversified Approach

Temu is actively preparing to directly enter the South Korean market, including hiring local employees and building a comprehensive logistics system. Temu may also accelerate the launch of third-party seller-operated stores to address potential tax policy changes and enhance market competitiveness. This move signifies a strategic upgrade for Temu in the South Korean market.

12/30/2025 Logistics Industry Insights
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Chinas Automotive Exports Why They Face Significant Obstacles from Japanese and Korean Shipping Companies

Chinas Automotive Exports Why They Face Significant Obstacles from Japanese and Korean Shipping Companies

China's automobile exports are facing transportation difficulties with Japanese and Korean shipping companies. The inability to secure suitable roll-on/roll-off ships has placed Chinese companies at a disadvantage in shipping costs, leading to a decrease in competitiveness. Various parties are adopting intermediary methods and CKD/SKD export strategies to cope with the issue, but the problems have not been fundamentally alleviated. It is expected that transportation conditions will gradually improve over the next few years.

07/28/2025 Logistics
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Gmarket Auction Report Surge in Crossborder Ecommerce Sales

Gmarket Auction Report Surge in Crossborder Ecommerce Sales

Gmarket & Auction, leading Korean e-commerce platforms, offer significant opportunities for cross-border sellers during their Big Sale events. Many sellers have shared experiences of achieving over a thousand orders per day. However, sellers should conduct thorough market research, select appropriate products, and focus on localized operations and marketing. The support from Shinsegae Group's local team further empowers Chinese sellers to tap into the Korean market.

01/07/2026 Logistics Industry Insights
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Guide to Secure SWIFT Transfers in South Korea

Guide to Secure SWIFT Transfers in South Korea

This article delves into the significance of Korean SWIFT/BIC codes, outlining methods for finding them, their structural components, and their distinction from IBANs. It provides practical tips for verifying codes and minimizing remittance fees. The aim is to assist readers in conducting secure and efficient cross-border money transfers to and from South Korea. Understanding these codes is crucial for ensuring accurate and cost-effective international transactions involving Korean banks.

09/03/2025 International Settlement
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Six Key Tools for Sellers to Succeed on Coupang

Six Key Tools for Sellers to Succeed on Coupang

This article highlights six essential efficiency tools for Coupang operations. These tools cover shipping cost calculation, precise pricing, image translation, product selection analysis, Korean translation, and white background image creation. They are designed to help sellers improve operational efficiency and succeed in the Korean e-commerce market. By leveraging these tools, sellers can streamline their workflows, optimize pricing strategies, and enhance product presentation, ultimately boosting sales and maximizing profitability on the Coupang platform.

01/05/2026 Logistics Encyclopedia
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South Koreas Coupang Emerges As Key Ecommerce Market

South Koreas Coupang Emerges As Key Ecommerce Market

This article provides an in-depth analysis of Coupang, a South Korean e-commerce platform. It covers the platform's advantages, onboarding requirements, product selection strategies, logistics models, and payment settlement processes. This serves as a detailed operational guide for cross-border e-commerce sellers interested in entering the Korean market, helping them succeed on the Coupang platform. It aims to equip sellers with the knowledge needed to navigate Coupang's ecosystem and optimize their performance for achieving favorable outcomes.

12/30/2025 Logistics Encyclopedia
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Microsoft Bing Offers Free Access to Chatgpt4

Microsoft Bing Offers Free Access to Chatgpt4

This article details how to access the official, original ChatGPT-4 for free through Microsoft Bing. It includes tutorials for both the web and mobile versions, highlighting the various practical functionalities of ChatGPT-4 within Bing, such as table creation, product price comparison, and AI image generation. This allows readers to experience powerful AI chat capabilities at no cost.

01/06/2026 Logistics Encyclopedia
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South Koreas Ecommerce Boom Driven by Solo Households Garage Economy

South Koreas Ecommerce Boom Driven by Solo Households Garage Economy

This article provides an in-depth analysis of the "single-person household" and "garage economy" trends in South Korea, offering product selection strategies for Chinese cross-border e-commerce sellers targeting the Korean market. It highlights the significant potential of the pet supplies and automotive products markets. The article emphasizes that sellers should focus on key factors such as smart technology, high cost-performance ratio, and differentiation to accurately target the market. This approach is crucial for standing out in the competitive Korean e-commerce landscape.

01/04/2026 Logistics Industry Insights
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