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.
In December, the shipping industry saw significant increases in shipment volume and freight rates due to the arrival of the year-end peak season. Factors such as suppliers working overtime, the depreciation of the yuan boosting profits, and falling oil prices stimulated the market. However, participants remain cautious about the industry's outlook for next year, as shipping companies continue to incur losses and structural issues persist, necessitating further observation of the overall situation.
This article delves into the reasons behind reduced eBay refund amounts, such as item depreciation and exchange rate fluctuations. It offers three refund processing strategies: responding to return requests, proactively canceling orders, and issuing refunds directly through PayPal. The article also emphasizes dispute prevention and resolution, helping sellers build a harmonious trading environment and protect their rights. It provides practical advice on navigating the complexities of eBay refunds in cross-border e-commerce.
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.
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.
The year-end shopping season is approaching, intensifying e-commerce platform competition. Amazon's Prime Early Access Sale is generating buzz, while eBay introduces ad optimization features to assist sellers. Shopee focuses on the Halal market, and cross-border logistics companies accelerate their expansion. The Yen's depreciation exacerbates Japan's trade deficit, and fintech company Airwallex completes a new funding round. Experts advise consumers to pay attention to the selection of thermal underwear, emphasizing that tighter is not necessarily warmer.
The Euro's record high against the Yen highlights structural issues in the Japanese economy. Eurozone fiscal discipline and monetary policy independence support the Euro, while Japan's debt, demographics, and loose monetary policy weaken the Yen. Japan needs structural reforms, monetary policy adjustments, industrial upgrades, and strengthened international cooperation to address Yen depreciation risks and ensure sustainable economic development. These measures are crucial for mitigating the negative impacts of the weak Yen and fostering long-term economic stability.
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.
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.
The Korean e-commerce market holds significant potential, particularly driven by the 'single economy' and 'garage economy'. Pet supplies and automotive products are in high demand. To succeed, Chinese sellers need a deep understanding of the Korean market, focusing on precise product selection and offering high-quality, cost-effective items. Thorough market research and a tailored approach are crucial for successful market penetration and capturing a share of this growing e-commerce landscape.
