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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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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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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Coupang Dominates South Koreas Ecommerce Market

Coupang Dominates South Koreas Ecommerce Market

Coupang, a leading e-commerce platform in South Korea, has rapidly grown thanks to innovative services like "Rocket Delivery." In 2021, its revenue reached $18.4 billion with over 17.94 million active users. Coupang is building a comprehensive platform through diversified business ventures, and its recent stock surge reflects market confidence in its future. Despite competition and profitability challenges, Coupang possesses significant growth potential within the South Korean e-commerce market.

01/04/2026 Logistics Industry Insights
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South Koreas 5B Pet Market Lures Crossborder Sellers

South Koreas 5B Pet Market Lures Crossborder Sellers

The Korean pet market is projected to reach $5 billion, with pet-owning families concentrated in the Seoul metropolitan area, and young people being the main consumer group. Cross-border sellers should focus on areas such as pet food and smart pet supplies, emphasizing product quality and differentiation to avoid price wars and pursue a branding strategy. Prioritizing high-quality, unique products will be crucial for success in this competitive market.

12/30/2025 Logistics Industry Insights
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Amazon Expands in South Korea Amid Influencer Marketing Boom

Amazon Expands in South Korea Amid Influencer Marketing Boom

This article analyzes Amazon's rise in the South Korean eCommerce market, its influencer marketing strategies, and the surge in brand registrations. It also touches upon the Indonesian eCommerce landscape and TikTok's measures to protect young users. The article highlights the accelerated globalization of eCommerce, continuous innovation in marketing models, and the growing importance of corporate social responsibility. Cross-border eCommerce sellers need to closely monitor market changes and adjust their business strategies accordingly.

01/04/2026 Logistics Industry Insights
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Chinese Beauty Brands Gain Traction in Japans Competitive Market

Chinese Beauty Brands Gain Traction in Japans Competitive Market

Domestic beauty brands are exhibiting strong social media marketing performance in the Japanese market, but face competition from Korean cosmetics and challenges in building customer loyalty. To succeed, these brands need to focus on improving product quality and innovation, as well as gaining a deeper understanding of Japanese consumer needs and preferences. This includes tailoring products and marketing strategies to resonate with the specific demands and cultural nuances of the Japanese beauty market.

01/04/2026 Logistics Industry Insights
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South Korea Eases KC Certification Rules for Coupang Sellers

South Korea Eases KC Certification Rules for Coupang Sellers

This article provides an in-depth analysis of KC Certification on the Coupang platform in South Korea, specifically targeting new sellers. It explains the concept of KC Certification, the reasons for certification exemptions for cross-border stores, and provides a clear list of exempt products. Furthermore, it offers practical advice to help sellers avoid KC Certification risks and easily expand into the Korean market.

01/04/2026 Customs Knowledge
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Naver Challenges Coupang with New Delivery Guarantee in South Korea

Naver Challenges Coupang with New Delivery Guarantee in South Korea

South Korean e-commerce giant Naver launched the "Arrival Guarantee" service, challenging Coupang's fast delivery advantage. Naver relies on its "Four-Party Logistics" system, while Coupang leverages its self-built logistics network. The two companies are engaged in fierce competition in the e-commerce market. The future landscape remains uncertain as Naver aims to compete with Coupang's dominance through guaranteed delivery times and potentially lower costs leveraging its existing logistics partnerships.

01/04/2026 Logistics Industry Insights
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Coupang Simplifies Onboarding for Chinese Sellers Drops Translation Rules

Coupang Simplifies Onboarding for Chinese Sellers Drops Translation Rules

Significant upgrade for Coupang seller onboarding! The requirement for English translations is removed, greatly lowering the barrier for Chinese sellers. This article details the latest required documents for onboarding, including company business license, legal representative ID, bank account proof, mobile phone bill, and settlement statements from other e-commerce platforms. We also provide screenshot paths for settlement statements from various platforms, helping sellers quickly enter the Korean e-commerce market.

01/06/2026 Logistics
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