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Bonded cargo disposal cases have tripled in four years as cross-border e-commerce surges, but customs manpower remains stagnant. Disposal Cases Up 3.4x in Four Years Due to the surge in Chinese cross-border e-commerce, the number of bonded cargo disposals — including non-compliant or counterfeit goods — has skyrocketed.According to data obtained by Rep. Park Min-kyu … Read more
Orion and the National Federation of Fisheries Cooperatives (Suhyup) are jointly investing $60 million to establish a new venture, aiming to take K-Seafood to the global stage. Orion and Suhyup Target Global Seafood Market Orion and Suhyup will invest KRW 60 billion (approx. $60 million) to create a joint venture, “Orion Suhyup.” This marks a … Read more
Korea’s Fair Trade Commission conditionally approved the Gmarket–Alibaba joint venture. With strict data separation rules and global expansion plans, the JV could reshape Korea’s e-commerce landscape. Conditional Approval for Gmarket–Ali JV On Sept. 18, the Korea Fair Trade Commission approved the joint venture “Grand Opus Holding” under conditions. The JV will jointly manage Gmarket, Auction, … Read more