Alibaba and South Korea's E-Mart reach US$4 billion e-commerce joint deal
The venture aims to compete with local e-commerce leaders such as Naver Corp. and Coupang Inc.
Alibaba reportedly to merge with South Korea's E-Mart in $4 billion deal
Sources familiar with the matter said a deal could be finalized and announced as early as this week.
Alibaba and South Korea's Shinsegae will establish a joint venture in 2025
New World confirmed that despite the integration, the two platforms will continue to operate independently.
Why South Korea's political chaos puts 2025 at serious risk
Demonstrators react during a protest outside the National Assembly in Seoul, South Korea, on Saturday, December 14, 2024, after lawmakers passed a motion to impeach South Korean President Yoon Seok-yeol. Jean Chung/Bloomberg
South Korea's acting president Han Zheng approved the justice's power to try Yoon Zheng, and the parties clashed
December 18, 2024 Seoul – South Korea’s main political parties clashed on Tuesday over whether acting President Han Deok-soo has the power to approve parliamentary nominations of judges for the new Constitutional
Political uncertainty affects South Korea's credit rating
December 18, 2024 Seoul – The political turmoil surrounding President Yoon Seok-yeol has begun to subside since the National Assembly passed a motion to impeach the president on Saturday, but uncertainty about
Safe and orderly protests highlight South Korea's mature democracy
Seoul – President Yoon Seok-yeol declared martial law on December 3, triggering demonstrations involving tens of thousands of people across the country. However, despite the high turnout, the rally remained peaceful with
Han Dong-hoon resigns as leader of South Korea's ruling party
Seoul – People Power Party Chairman Han Dong-hoon announced his resignation as leader of the ruling party on Monday and said he did not regret calling on People Power Party lawmakers to
Conflict breaks out over South Korea's ruling camp's takeover plan
December 9, 2024 Seoul – The prime minister and the leader of the ruling conservative party jointly announced plans on Sunday to succeed President Yun Seok-yeol, saying he would no longer be
South Korea's top leader thinks martial law declaration is deep fake
South Korea's top opposition leader told CNN this week that when he saw President Yun Seok-yeol's late-night speech declaring martial law, his first thought was that it was a deep fake. “That
Why Yoon Seok-yeol's desperate stunt will become South Korea's GDP killer
Protesters demand the resignation of South Korean President Yoon Seok-yeol during a demonstration in the Gwanghwamun area of Seoul, South Korea, on Wednesday, December 4, 2024. Jean Chung/Bloomberg SFor the past 27
Leader of South Korea's ruling party says Yoon Eun-hye needs to be prevented from exercising presidential power
Seoul – Ruling party leader Han Dong-hoon said on Friday morning that President Yoon Seok-yeol should no longer be allowed to exercise his presidential powers. South Korea convened an emergency meeting of
South Korea's Yoon faces impeachment after martial law drama
South Korea could face months of political turmoil after President Yun Seok-yeol failed to impose martial law in an extraordinary night of drama in Seoul. Yoon announced martial law for the first
South Korea's main opposition pushes for impeachment of President Yoon
December 4, 2024 Seoul – The main opposition Democratic Party said on Wednesday it would table an impeachment motion against President Yoon Seok-yeol at a plenary session scheduled for Thursday. The announcement
Semiconductors drive South Korea's export growth by 3.6%
This contributed to a trade surplus of $5.6 billion, according to the country's trade ministry.