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Shinsegae Group, a traditional powerhouse in South Korea’s retail sector, is poised to clash with the emerging force Coupang in the luxury fashion market.
The deal is set to speed up the luxury e-commerce development in South Korea.
Kurly Corp. and Coupang have entered South Korea’s online beauty market, intensifying the existing fierce competition.
Coupang said Monday it has launched a new service allowing customers to buy luxury beauty brands’ products at its platform.
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