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Archive by category E Commerce

Shorter Workweek Boosts Popularity of Dining E-coupons

Shorter Workweek Boosts Popularity of Dining E-coupons

SEOUL, Dec. 28 (Korea Bizwire) — E-coupons for dining are selling like hot cakes as the end of the year approaches. The increased sales seem to be reflecting the lifestyle changes of many South Korean workers. With employees now limited to 52 hours of work per week, the number of work-related drinking get togethers has [...]

More Men Shopping Online After Implementation of 52-hour Work Week

More Men Shopping Online After Implementation of 52-hour Work Week

SEOUL, Dec. 19 (Korea Bizwire) — An increasing number of male customers have been shopping online ever since the 52-hour workweek was implemented earlier this year. GS Fresh, a South Korean online shopping mall operated by GS Retail Co., said that male customers who signed up for new accounts in the second half of this [...]

Buying in S. Korea is Often Cheaper than at Overseas Online Malls

Buying in S. Korea is Often Cheaper than at Overseas Online Malls

SEOUL, Dec. 14 (Korea Bizwire) — Some brand-name shoes were more expensive when ordered abroad compared to local retailers, while most South Koreans still think it’s cheaper to buy foreign products overseas than in South Korea. The Korea Consumer Agency (KCA) said on December 13 that 11 of 18 foreign brand shoes were cheaper in [...]

Softbank Pledges US$2 Bln Investment in Coupang

Softbank Pledges US$2 Bln Investment in Coupang

SEOUL, Nov. 23 (Korea Bizwire) — Japanese software giant Softbank Group Corp.’s chairman, Masayoshi Son, a third-generation Korean-Japanese most widely known by his Korean name “Son Jeong-ui” here, has reportedly decided to invest US$2 billion in Coupang, leaving experts seeking an explanation as to Son’s great interest in the Korean e-commerce website. Meanwhile, other competing [...]

Turkish Version of Popular Korean E-commerce Website a Hit

Turkish Version of Popular Korean E-commerce Website a Hit

SEOUL, Nov. 15 (Korea Bizwire) — An annual sale offered on November 11 by the Turkish edition of the popular Korean e-commerce website 11Street has become Turkey’s most popular “shopping day” just three years after it was first held. The website known as n11 (www.n11.com) revealed yesterday that it had recorded approximately 50 billion won [...]

Ulsan and KT Agree to Develop Mobile Currency

Ulsan and KT Agree to Develop Mobile Currency

ULSAN, Nov. 15 (Korea Bizwire) — The city of Ulsan and KT Corp. signed a memorandum of understanding on Wednesday to adopt a mobile currency for the city. The two parties agreed to carry out preparatory projects to adopt the local currency, conduct joint studies and research projects, exchange information, and discover innovative ideas that [...]

Korean Customs Targets Illegal Resale of Overseas Direct Purchases

Korean Customs Targets Illegal Resale of Overseas Direct Purchases

SEOUL, Nov. 12 (Korea Bizwire) — The Korean Customs Service (KCS) has launched a crackdown on illegal imports and the resale of imported products until November 28 as transactions via foreign direct purchasing are expected to jump due to China’s annual Singles Day. The KCS will be focusing on the act of reselling products acquired [...]