{"id":11967,"date":"2024-03-14T07:41:18","date_gmt":"2024-03-14T02:11:18","guid":{"rendered":"https:\/\/bigbreakingwire.in\/alibaba-commits-over-1-billion-investment-in-south-korea-expansion\/"},"modified":"2024-03-14T07:44:50","modified_gmt":"2024-03-14T02:14:50","slug":"alibaba-commits-over-1-billion-investment-in-south-korea-expansion","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/alibaba-commits-over-1-billion-investment-in-south-korea-expansion\/","title":{"rendered":"Alibaba Commits Over $1 Billion Investment in South Korea Expansion"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Alibaba Group intends to invest $1.1 billion in South Korea over the next three years, as reported by the South Korean news agency Yonhap. <\/p>\n\n\n\n<p>The investment will focus on establishing a logistics center and enhancing business operations. Specifically, $200 million will be allocated for constructing the logistics center this year, while $100 million will be dedicated to supporting small and mid-sized South Korean enterprises in expanding their product sales abroad.<\/p>\n\n\n\n<p>Additionally, the group intends to allocate an additional $100 million towards aiding small and midsize South Korean enterprises in exporting their products abroad, aiming to assist 50,000 businesses within the next three years.<\/p>\n\n\n\n<p>Alibaba intends to allocate 100 billion won, equivalent to approximately $75.9 million, to enhance consumer protection, an area where it has faced criticism since entering the Korean market.<\/p>\n\n\n\n<p>Earlier this month, the personal data protection watchdog of South Korea announced its investigation into the consumer data practices of leading overseas shopping platforms, which include AliExpress by Alibaba.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"MUgMyTiGjZ\"><a href=\"https:\/\/bigbreakingwire.in\/cloud-services-showdown-alibaba-and-jd-coms-price-war-in-chinas-tech-arena\/\">Cloud Services Showdown: Alibaba and JD.com&#8217;s Price War in China&#8217;s Tech Arena<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Cloud Services Showdown: Alibaba and JD.com&#8217;s Price War in China&#8217;s Tech Arena&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/cloud-services-showdown-alibaba-and-jd-coms-price-war-in-chinas-tech-arena\/embed\/#?secret=52izXOMNm1#?secret=MUgMyTiGjZ\" data-secret=\"MUgMyTiGjZ\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"k3PM8Vmfaz\"><a href=\"https:\/\/bigbreakingwire.in\/alibabas-600-million-gamble-transformative-investments-propel-minimax-and-moonshot-ai-to-a-collective-valuation-of-2-5-billion\/\">Alibaba&#8217;s $600 Million Gamble: Transformative Investments Propel MiniMax and Moonshot AI to a Collective Valuation of $2.5 Billion<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Alibaba&#8217;s $600 Million Gamble: Transformative Investments Propel MiniMax and Moonshot AI to a Collective Valuation of $2.5 Billion&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/alibabas-600-million-gamble-transformative-investments-propel-minimax-and-moonshot-ai-to-a-collective-valuation-of-2-5-billion\/embed\/#?secret=KXBcxo50YM#?secret=k3PM8Vmfaz\" data-secret=\"k3PM8Vmfaz\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"fFfylQiTRz\"><a href=\"https:\/\/bigbreakingwire.in\/alibabas-futuristic-14-seater-electric-fish-bus-affordable-eco-friendly-and-uniquely-designed-but-faces-import-restrictions-in-the-us\/\">Alibaba&#8217;s Futuristic 14-Seater Electric Fish Bus: Affordable, Eco-Friendly, and Uniquely Designed, but Faces Import Restrictions in the US<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Alibaba&#8217;s Futuristic 14-Seater Electric Fish Bus: Affordable, Eco-Friendly, and Uniquely Designed, but Faces Import Restrictions in the US&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/alibabas-futuristic-14-seater-electric-fish-bus-affordable-eco-friendly-and-uniquely-designed-but-faces-import-restrictions-in-the-us\/embed\/#?secret=gDCtJCENLy#?secret=fFfylQiTRz\" data-secret=\"fFfylQiTRz\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Alibaba Group intends to invest $1.1 billion in South Korea over the next three years, as reported by the South Korean news agency Yonhap. The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,31,619,1,39],"tags":[1328,2509,2505,2504,1192,2508,2506,2507,70],"class_list":["post-11967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-business","category-stocks-in-news","category-tech","category-world","tag-alibaba","tag-aliexpress","tag-business","tag-expansion","tag-investment","tag-overseas-sales","tag-plans","tag-small-and-midsize-firms","tag-south-korea","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/library_logos_alibababv_large.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-371","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=11967"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/11967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/11966"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=11967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=11967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=11967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}