E Commerce Archives | Be Korea-savvy

Archive by category E Commerce

S. Korea’s E-Commerce Exports Sharply Growing

S. Korea’s E-Commerce Exports Sharply Growing

SEOUL, Dec. 23 (Korea Bizwire) – South Korea’s exports through e-commerce platforms have increased sharply this year, apparently helped by the government’s policy support, data showed Friday.  Outbound shipments via the Internet and other e-commerce sites totaled US$985 million in the first 11 months, according to the Korea Customs Service (KCS).  The volume is projected [...]

Social Commerce Companies Throw in the Towel, Tone Down Free Delivery Competition

Social Commerce Companies Throw in the Towel, Tone Down Free Delivery Competition

SEOUL, Oct. 12 (Korea Bizwire) – Social commerce companies are putting an end to competing each other with free delivery services as operating losses continue to soar. Coupang doubled the minimum purchase required for free delivery (Rocket Delivery) from 9,800 ($8.73) to 19,800 starting Tuesday.  Rocket Delivery is the company’s ambitious service that offers delivery within [...]

Renault Samsung Makes Move into E-Commerce with New SUV

Renault Samsung Makes Move into E-Commerce with New SUV

SEOUL, Sept. 2 (Korea Bizwire) – Marked by its convenience and easy accessibility, e-commerce has rapidly matured in pace with technological progress. The global market for e-commerce has been growing by an annual average of 10 percent, and is anticipated to become a $2-trillion industry by the year 2018. Korea has also followed a similar [...]

Coupang’s Signature “Rocket” Delivery Services to Be Legalized

Coupang’s Signature “Rocket” Delivery Services to Be Legalized

SEOUL, Aug. 31 (Korea Bizwire) – With Koreans increasingly likely to prefer online shopping over the physical experience, parcel delivery services are among the rapidly prospering businesses in Korea. Tuesday’s decision to abolish the Supply-Demand Regulation Policy, which made it difficult for service companies to increase their use of smaller trucks (1.5 tons and less), [...]

Persistence Pays Off as Lucky Customer Scores Online Jaguar Deal

Persistence Pays Off as Lucky Customer Scores Online Jaguar Deal

SEOUL Aug. 31 (Korea Bizwire) – The first of 20 limited online sales of a Jaguar vehicle became official on August 30 when a customer signed a final purchase contract on Tuesday afternoon, ending three weeks of doubts and uncertainty.  Ticket Monster (T-Mon), Korea’s leading social commerce platform, posted 20 Jaguar XE Portfolio and R-Sport [...]

Potential Legal Disputes Follow Jaguar’s Foray into Social Commerce

Potential Legal Disputes Follow Jaguar’s Foray into Social Commerce

SEOUL, Aug. 10 (Korea Bizwire) – Ticket Monster (T-Mon), Korea’s leading social commerce platform, posted 20 Jaguar XE Portfolio and R-Sport models on its website Monday, marking the first time that a Korean e-commerce site sold vehicles online.  The two models were offered with stunning 7-million-won ($6,400) discounts, and were priced at 48.1 million won [...]