JD Vance to Lead U.S. Presidential Delegation at Milano Cortina Winter Olympics Opening Ceremony 
California Seeks Paramount Divestitures in Warner Bros. Merger 
Oil Prices Edge Higher as US-Iran Sanctions Fuel Supply Concerns 
Anthropic IPO Could Challenge SpaceX’s Record $86 Billion Offering 
Nvidia Options Price in $280 Billion Earnings Swing 
FBI Faces Historic Security Challenge Ahead of 2026 FIFA World Cup 
Europe EV Sales Surge as High Fuel Prices Drive Demand 
ING Says Yen Is 20% Undervalued Against Dollar 
China EV Stocks Slide as Door Handle Recall Hits 4.3 Million Vehicles 
Norway Backs Barents Sea Oil and Gas Expansion 
TikTok, DOJ Reach $400 Million Children’s Privacy Settlement 
Tesla Raises Cybertruck Prices by $5,000 in US 
Peru Economy Grows 2.6% in Q2 as Private Investment Surges 
Apple Cuts Over 200 Siri, Vision Pro Jobs in AI Shift 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
SpaceX Hires Natural Gas Trader to Meet Growing Energy Needs 
Trump Vows Tougher Iran Sanctions as US Weighs New Economic Pressure 
Add as a preferred source on Google
Nike Korea introduced terms and conditions banning purchases made for the purpose of reselling effective from October.
The newly disclosed policies are drawing market attention since Nike sneakers shoes are now spearheading the reselling market.
In July, five days after the Air Force 1 series was made available by Nike in partnership with Louis Vuitton for a fixed price of 3.51 million won ($2,527), pairs were being resold on the local resale marketplace KREAM for about 14 million won.
Industry observers predicted that Nike's adjustment of terms and conditions would have a greater influence on the traders sweeping the inventory of Nike's well-known products rather than resale between individuals.
The updated terms and conditions indicate that returns or refunds will be refused and give Nike the right to cancel orders if they appear to have been made with the intention of reselling them.
The newest action by Nike Korea has resale sites on high alert. If Nike intensifies its crackdown, reselling businesses would be in jeopardy.
