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SK Planet’s Turkish Unit Sets Record Daily Transactions

SK Planet’s Turkish Unit Sets Record Daily Transactions

SEOUL, Nov. 14 (Korea Bizwire) — SK Planet Co., the operator of local e-commerce platform 11st, said Tuesday its Turkish unit posted 42 billion won (US$37.5 million) in transactions during an online shopping event held last week, marking the highest daily ever record. The new peak was set during a shopping promotion held by n11, [...]

Southeast Asia’s Largest Online Shopping Mall Seeks Sellers from S. Korea

Southeast Asia’s Largest Online Shopping Mall Seeks Sellers from S. Korea

Will Ross, CEO of Lazada Crossborder, speaks during a press conference in Seoul on Nov. 7, 2017. (image: Lazada Group) SEOUL, Nov. 7 (Korea Bizwire) — Lazada Group, which runs the largest online shopping platform in Southeast Asia, said Tuesday it is looking for South Korean companies who will sell their products in the growing [...]

Amazon to Help South Korean Online Sellers with International Sales

Amazon to Help South Korean Online Sellers with International Sales

SEOUL, Sept. 29 (Korea Bizwire) – International online shopping giant Amazon has announced plans to help South Korean sellers with international sales. Amazon set out plans during its first press conference in South Korea dubbed the ‘Global Selling Conference’, which was held at COEX on Thursday. The international shopping giant discussed its global selling service, ‘Amazon [...]

S. Koreans’ Awareness of Mobile Payment High: Poll

S. Koreans’ Awareness of Mobile Payment High: Poll

SEOUL, Sept. 5 (Korea Bizwire) — South Koreans’ awareness of mobile payment services ranks high among major advanced and emerging countries, a poll showed Tuesday, as many tech-savvy consumers turn to their smartphones for settlements. According to the survey of 18,180 consumers in 23 countries by global opinion research firm Ipsos, 64 percent of South [...]

Ratio of Mobile Shopping to Retail Sales Hits New High in Q2

Ratio of Mobile Shopping to Retail Sales Hits New High in Q2

SEJONG, Aug. 17 (Korea Bizwire) — The ratio of mobile shopping to South Korea’s retail sales reached an all-time high in the second quarter of the year, government data showed Thursday, as more consumers are turning to smartphones and other mobile devices to buy goods. Purchases made through smartphones and tablets surged 41.5 percent on-year [...]

Search Giant Naver Accused of Tweaking Website to Favor Business Affiliates

Search Giant Naver Accused of Tweaking Website to Favor Business Affiliates

SEOUL, Jul. 11 (Korea Bizwire) — South Korean search engine giant Naver has retracted plans to update its website layout after facing criticism for blatantly favoring its online shopping affiliates, which many called an unethical business practice. Most of the criticism is surrounding Naver’s newly proposed website layout, in which online shopping malls listed as the [...]

South Korea’s Mobile Shopping Reached All-Time High in May

South Korea’s Mobile Shopping Reached All-Time High in May

SEJONG, July 5 (Korea Bizwire) – Purchases made through mobile gadgets like smartphones reached a new all-time high in May as a growing number of people are becoming adept in using wireless devices for various reasons, government data showed Wednesday. Mobile transactions through smartphones and tablets reached 3.82 trillion won (US$3.3 billion) in May, soaring [...]

S. Korean Gov’t to Publicly Embrace Cryptocurrencies

S. Korean Gov’t to Publicly Embrace Cryptocurrencies

SEOUL, Jul. 4 (Korea Bizwire) — The South Korean government is accelerating its efforts to embrace the use of cryptocurrencies typified by bitcoin in the public sector, amid growing demand for digital assets that could replace physical money in the future. Lawmaker Park Yong-jin, a member of South Korea’s ruling Democratic Party, announced on Sunday plans [...]