China's Alibaba to invest US$ 1.1 bil. in S. Korea

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알리바바, 한국에 3년간 1조5천억원 투자 연내 물류센터 건립

Chinese tech giant Alibaba Group will invest 1-point-1 billion U.S. dollars in South Korea over the next three years as it seeks to expand its business scope.
Of this, 200 million dollars will be spent on building a logistics center,.. and 100 million dollars will be injected to help small and mid-sized South Korean firms sell their products overseas.
The tech company also plans to allocate nearly 76 million dollars to bolster consumer protection in Korea.
This comes as AliExpress, an e-commerce platform of Alibaba, has been under scrutiny in Korea for violating consumer protection duties.

#Alibaba #economy #Korean_Market #investment #business #logistics_center #ecommerce_platform #SouthKorea #알리바바 #경제 #Arirang_News #아리랑뉴스

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2024-03-14, 12:00 (KST)