This week: Naver kills Clova X and bets big on vertical AI; brokerages slash Naver and Kakao targets amid monetization uncertainty; Seoul advances sweeping class action reform with Coupang as the catalyst; Korea's mandatory retail closure law faces 24/7 commerce pressure; and foreign platforms like AliExpress and Temu must now appoint local Korean representatives.

South Korea's February online shopping hit an all-time record at ₩22.6T; Coupang rebounds to 35M MAU post-breach; JD Logistics opens Korea's first Chinese-owned warehouses; the government Donghaeng Festival mobilises 33,000+ SMEs; and Naver and Kakao ramp up AI startup investments.