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'Mutual efforts required for proper online review system' Posted : 2021-07-14 08:37 By Nam Hyun-woo Consumers Union of Korea Chairwoman Kang Jung-hwa / Courtesy of Consumers Union of KoreaWith online commerce platforms replacing most conventional trading activities in consumer markets in Korea, unexpected disputes between consumers and service providers are also emerging. Social network services have recently been flooded with postings showing cases of service providers coercing consumers into giving high ratings or consumers demanding discounts or free gifts in return for high ratings ―...

Lotte, Shinsegae eye June mega-bids for online market dominance

BC Card launches online cashback promotion amid pandemic Posted : 2021-05-30 14:36 Models pose for BC Card's online promotion event. Courtesy of BC Card BC Card has launched an online promotion that offers cashback for its users who order foods via mobile delivery apps. The company decided to offer the promotion via a partnership with the government, whose key task is to revive consumption during the economic doldrums induced by the prolonged pandemic. According to the nation's largest payment processing firm, BC Card users can receive 10,000 won ($8.97), as part of a cashback benefit when...

Coupang, Inc. (CPNG) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Coupang, Inc. (NYSE: CPNG) Good afternoon. My name's Alexander, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coupang earnings conference call. [Operator instructions] Thank you. Now I'd like to turn the call over to Michael Senno, vice president of investor relations. You may begin your conference. Michael Senno -- Vice President, Investor Relations Thanks, operator. Welcome to Coupa...

"Compared with the rivals Baemin and Coupang Eats, Yogiyo has been losing market share. Its buyer will likely need to make a substantial investment," he said. "From the perspectives of PEFs, it seems uncertain whether Yogiyo can enhance its corporate value over the next four to five years. It remains to be seen whether the shortlisted candidates will enter the final bidding round," he added. Baemin commands 66% of the food delivery service market in South Korea, followed by Yogiyo with 17.9% and Coupang Eats with 13.6%, according to the Global Bigdata Research, a Korean data provider. BUILDI...