SEOUL: The Seoul city government has asked online retail giants Temu and AliExpress to suspend sales of certain children’s products over safety concerns, saying Friday that some goods far exceeded local limits for hazardous substances.
Chinese e-commerce titans like Shein, Temu and AliExpress have seen a surge in global popularity in recent years, drawing in consumers with a wide range of trendy, ultra-low-cost fashion and accessories — positioning them as major rivals to US giant Amazon.
Their rapid rise has triggered growing scrutiny over business practices and product safety, including in South Korea.
The Seoul city government said Friday it recently inspected 35 children’s products sold on Temu and AliExpress — including umbrellas, raincoats and rain boots — and found that 11 failed to meet South Korea’s safety standards or contained hazardous substances above local limits.
In six of the umbrellas, phthalate-based plasticizers — chemicals used to make plastics more flexible — were found at levels far exceeding safety standards, the city said in a statement.
Some of those products exceeded the domestic safety limit by up to 443.5 times for the chemical, while two items were found to contain lead at levels up to 27.7 times higher than the locally acceptable level.
Based on the inspection results, the Seoul government said it “has requested that online platforms suspend sales of the non-compliant products.”
It also noted that “prolonged exposure to harmful substances can affect children’s growth and health,” and highlighted the need to carefully review product information before making purchases.
The Seoul government told AFP the retailers have no legal obligations to comply with their request.
But Temu said it “immediately initiated an internal review” after receiving notice from the city government, and that it was “in the process of removing the said items.”
“We are continuously improving on our quality control system to prevent, detect, and remove non-compliant products,” a Temu spokesperson told AFP.
AliExpress did not immediately reply to a request for comment.
Phthalate-based plasticizers can cause endocrine disorders, while lead exposure above safety limits can impair reproductive functions and increase the risk of cancer, according to Seoul authorities.
Last year, the city government said women’s accessories sold by Shein, AliExpress and Temu contained toxic substances sometimes hundreds of times above acceptable levels.
The European Union last year added Shein to its list of digital firms that are big enough to come under stricter safety rules — including measures to protect customers from unsafe products, especially those that could be harmful to minors.
Seoul asks Temu, AliExpress to pull children’s products over safety concerns
Seoul asks Temu, AliExpress to pull children’s products over safety concerns
Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn
RIYADH: Saudi Arabia’s foreign reserves climbed 3 percent month on month in January to SR1.78 trillion, up SR58.7 billion ($15.6 billion) from December and marking a six-year high.
On an annual basis, the Saudi Central Bank’s net foreign assets rose by 10 percent, equivalent to SR155.8 billion, according to data from the Saudi Central Bank, Argaam reported.
The reserve assets, a crucial indicator of economic stability and external financial strength, comprise several key components.
According to the central bank, also known as SAMA, the Kingdom’s reserves include foreign securities, foreign currency, and bank deposits, as well as its reserve position at the International Monetary Fund, Special Drawing Rights, and monetary gold.
The rise in reserves underscores the strength and liquidity of the Kingdom’s financial position and aligns with Saudi Arabia’s goal of strengthening its financial safety net as it advances economic diversification under Vision 2030.
The value of foreign currency reserves, which represent approximately 95 percent of the total holdings, increased by about 10 percent during January 2026 compared to the same month in 2025, reaching SR1.68 trillion.
The value of the reserve at the IMF increased by 9 percent to reach SR13.1 billion.
Meanwhile, SDRs rose by 5 percent during the period to reach SR80.5 billion.
The Kingdom’s gold reserves remained stable at SR1.62 billion, the same level it has maintained since January 2008.
Saudi Arabia’s foreign reserve assets saw a monthly rise of 5 percent in November, climbing to SR1.74 trillion, according to the Kingdom’s central bank.
Overall, the continued advancement in reserve assets highlights the strength of Saudi Arabia’s fiscal and monetary buffers. These resources support the national currency, help maintain financial system stability, and enhance the country’s ability to navigate global economic volatility.
The sustained accumulation of foreign reserves is a critical pillar of the Kingdom’s economic stability. It directly reinforces investor confidence in the riyal’s peg to the US dollar, a foundational monetary policy, by providing SAMA with ample resources to defend the currency if needed.
Furthermore, this financial buffer enhances the nation’s sovereign credit profile, lowers national borrowing costs, and provides essential fiscal space to navigate global economic volatility while continuing to fund its ambitious Vision 2030 transformation agenda.
