SEOUL, Jul. 26 (Korea Bizwire) — Coupang Inc., a major e-commerce company, has been dealt a series of blows over the past two months, including controversy over whether it is a Japanese company and problems with customer orders. Critics point out that while Coupang grew at a rapid pace over the years, it was not [...]
SEOUL, Jul. 25 (Korea Bizwire) – Overseas direct purchases are going through a major trend shift as more South Koreans are leaving work early and devoting more time to leisure activities ever since the introduction of the 52-hour workweek policy. South Korean online shopping mall Gmarket reported on Wednesday that overseas direct purchases have increased by 12 [...]
SEOUL, Jun. 19 (Korea Bizwire) — Online shopping users value how fast a product is delivered when they choose a shopping mall, according to a recent survey. Market analysis agency DMC Media analyzed the Internet purchasing behavior of 1,000 men and women in their 20s to 50s who had Internet shopping experience for six months [...]
SEOUL, Jun. 18 (Korea Bizwire) — It is hard for consumers to live without online and mobile shopping, and for retailers already struggling with a slump in store traffic and the subsequent fall in direct to consumer sales, living up to the trend may be pronounced in the face of cutthroat competition with a slew [...]
SEOUL, May 9 (Korea Bizwire) — Online shopping malls are increasingly competing against each other to attract customers. WeMakePrice Inc., which declared that it would provide daily necessities at the lowest prices, ignited the price competition by unveiling the results of a comparison of food prices with its rival Coupang Inc. Meanwhile TMON Inc. has [...]
SEOUL, May 7 (Korea Bizwire) – The price war between online and offline retailers, which started at the beginning of this year, is intensifying. As Emart Inc., retail giant Shinsegae’s supermarket chain operator, declared a “price for the public” strategy against Coupang, which has always been leading the price competition in the online retail industry [...]
SEOUL, Apr. 26 (Korea Bizwire) — Coupang Inc., a South Korean shopping portal, has transitioned into a tripartite leadership structure after recruiting a restructuring specialist as head of the human resources department, leading many to anticipate major restructuring of the company recently stricken with massive losses. Coupang was previously led by a single representative structure [...]
SEOUL, Apr. 24 (Korea Bizwire) — More and more South Koreans are buying beauty devices at home without going to dermatology or skin care centers, and choosing instead to take care of their own looks. Shopping portal Auction reported on Tuesday that sales of some home beauty device products jumped 55-fold in the month of [...]
SEOUL, Apr. 22 (Korea Bizwire) — E-commerce is thriving in South Korea on the back of fast delivery and competitive pricing, but mounting losses by major operators are raising questions whether their business models are sustainable in the face of increasingly toughening competition, industry insiders said Monday. The e-commerce industry has seen explosive growth in [...]
SEOUL, Apr. 8 (Korea Bizwire) — On April 1, plastic bags were banned from use in all department stores, malls, and shopping centers following the introduction of new legislation that will result in fines up to 3 million won if stores make use of plastic bags. While the legislation seems to be effective when it [...]