Hello and welcome to Monday’s edition of Issues and Insiders.
I’m Min Sunhee.
Market experts say e-commerce is reshaping consumption patterns and business operations.
For more on this reality here in Korea I have Professor Oh Joon-seok at Sookmyung Women’s University live on the line.
Professor Oh it’s been a while.
Welcome back.
I also have Kwon Soa with us.
Soa welcome.
1) Soa, let’s start with details about the market share of Chinese e-commerce platforms here in Korea.
2) Professor Oh, some pundits believe Chinese e-commerce platforms may launch a more aggressive business strategy here in Korea amid its trade tensions with the U.S.
What are your thoughts?
3) Soa, according to some media outlets, Korea is the latest battleground for global e-commerce giants, with Youtube reportedly making an unprecedented move.
Do tell us more.
4) Professor Oh, how do you explain the interest in the Korean e-commerce market among these foreign players?
5) Meanwhile, Soa, Korean e-commerce platforms, for their part, are said to be seeking to compete with the foreign competition by adopting quick commerce.
What exactly is quick commerce?
6) Professor Oh, critics are quick to point out that quick commerce, itself, is a very challenging business strategy.
What are your thoughts?
7) Professor Oh, what would be the implications of a solid delivery network for quick commerce by big businesses on their smaller offline counterparts?
8) Soa, aside from foreign players entering the Korean market, I believe local e-commerce platforms are also seeking greater inroads into overseas markets?
9) Professor Oh, how can Korean e-commerce businesses work to better prepare for greater foreign competition?
All right.
Source : Arirang TV, https://www.arirang.com/news/view?id=272968
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