Online sales of low-priced goods in South Korea skyrocketed
As prices continue to rise, Korean consumers are becoming more sensitive to commodity prices. Platforms such as Temu and AliExpress, which focus on cost-effective products, have also achieved rapid growth in South Korea. The demand for goods below 10000 Korean won has significantly increased among Korean consumers. In October, the daily sales of the 9900 Korean won store on 11th Street increased by 80% month on month, and in November, it surged by 196%.
Shopee changes seller shipping policy
Recently, Shopee has updated its seller shipping policy to encourage sellers to have better shipping performance and become more competitive in the market. In the LSR of the original delayed delivery rate, Shopee previously stipulated that when a seller’s weekly delayed delivery orders reached a certain proportion, they would be penalized points. The delivery requirement is to shorten the delivery time, which shows that Shopee aims to encourage sellers to ship their products faster.