SEOUL, Aug. 14 (Korea Bizwire) — U.S. online travel company Expedia Group Inc. said Tuesday it will closely review feedback from customers in South Korea, one of the most wired countries in the world, to better accommodate the increasing number of travelers using mobile transactions globally. According to the company, more than 50 percent of [...]
SEOUL, Jul. 31 (Korea Bizwire) — The South Korean central bank said Tuesday that it will adopt a new mobile cash card settlement service starting next year in a bid to expand simplified mobile payments in the country. A council on financial information by the Bank of Korea (BOK) and local banks decided to develop [...]
SEOUL, Jul. 30 (Korea Bizwire) — South Korea’s retail giant Lotte said Monday a new department in charge of the business group’s online businesses is set to be launched this week as the conglomerate revs up efforts to cope with the rapid expansion of the country’s online market. Earlier in May, Lotte unveiled the plan [...]
SEOUL, Jul. 6 (Korea Bizwire) — An increasing number of South Korean consumers are rushing to online stores to buy fresh food products that have traditionally been purchased at large supermarkets or hypermarkets. According to mobile e-commerce company Ticket Monster, the company’s online “supermarket” that sells daily necessities via the Internet revealed today that fresh [...]
SEOUL, Jul. 4 (Korea Bizwire) — Cheaper prices are behind the increasing popularity of direct purchases of foreign merchandise from overseas vendors, according to a survey conducted by the Korea Consumer Agency that queried 1,000 adults over 20 years of age about their shopping habits. Among the respondents, 78.1 percent (multiple answers allowed) said that [...]
SEOUL, Jul. 2 (Korea Bizwire) – According to Shinsegae Mall, the top trending words for shopping in the first half of the year were “30s mom,” “mobile,” “fine dust products” and “shopping at 10 p.m.” The shopping mall giant announced women in their 30s were the top users of the company’s online shopping website. Sales [...]
SEOUL, Jun. 19 (Korea Bizwire) — SK Telecom Co., South Korea’s No. 1 mobile carrier, on Tuesday said an online shopping mall operated by its subsidiary has attracted 500 billion won (US$449 million) in investment amid fierce competition in the e-commerce sector. SK Telecom said it will establish a new corporation hived off from SK [...]
SEOUL, Jun. 11 (Korea Bizwire) — Chinese commerce giant Alibaba Group said Monday it will lend full support to South Korean companies wanting to expand their presence in the world’s second-largest market. South Korea was the fourth-largest exporter on Alibaba’s cross-border e-commerce platform, Tmall Global, in 2017, following Japan, United States and Australia, the company [...]
SEOUL, June 4 (Korea Bizwire) — BGF Co., the investment unit of South Korea’s largest convenience store chain CU, said Monday that it has joined forces with a SK Group affiliate to better tap into the fast growing online grocery sector. The convenience store operator said it inked an agreement to buy new stocks of [...]
As e-commerce complaints typically rise during the summer and year-end holidays, experts say that the number of complaints is bound to go up this year. (Image credit: Kobiz Media) SEOUL, May 28 (Korea Bizwire) — The number of e-commerce disputes filed during the first quarter of this year was approximately half of all cases filed [...]