South Korea signs agreement with AliExpress, Temu on product safety

SEOUL (Reuters) -South Korea’s government signed an agreement on Monday with Alibaba’s AliExpress and PDD Holdings’ Temu to promote product safety, the Korea Fair Trade Commission (KFTC) said. The agreement comes after heightened regulatory scrutiny of AliExpress, Temu and other Chinese e-commerce platforms as they significantly expand their user base in South Korea. “Recently conducted safety inspections on products such as those for children sold on the AliExpress and Temu platforms detected a large amount of substances harmful to the human body, seriously threatening consumer safety” and making the agreement necessary, trade watchdog KFTC said. “We understand that many (regulators)…