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Archive by category E Commerce

Furniture Industry Embraces Move to Online Stores

Furniture Industry Embraces Move to Online Stores

SEOUL, Sept. 23 (Korea Bizwire) — The furniture industry is stepping up its online business. Through online markets, furniture manufacturers are able to introduce a variety of products without the limitations of space, and are in turn benefiting from lower operating costs. A notable change was made by Swedish furniture giant IKEA, which entered the [...]

Retail Giants Eye Luxury Segment to Bolster Online Biz

Retail Giants Eye Luxury Segment to Bolster Online Biz

SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s retail giants are increasingly turning their eyes to the luxury segment for their e-commerce business in an apparent move to differentiate themselves from online competitors. Lotte Shopping Co., the operator of South Korea’s biggest department store and a leading discount store, opened its first online shopping mall [...]

S. Koreans’ Overseas Direct Purchases Up 20 pct in First Half

S. Koreans’ Overseas Direct Purchases Up 20 pct in First Half

SEJONG, Sept. 17 (Korea Bizwire) — South Koreans’ direct purchases from foreign countries rose 20 percent in the first six months of 2019 from a year earlier as more consumers opted to buy quality goods at cheap prices, customs data showed Tuesday. South Korean shoppers bought a total of US$1.58 billion worth of foreign goods [...]

Consumer Complaints About Overseas Deals Rise 10-fold over 3 Years

Consumer Complaints About Overseas Deals Rise 10-fold over 3 Years

SEOUL, Sept. 15 (Korea Bizwire) — South Koreans’ complaints about cross-border transactions have skyrocketed over the past three years due to a sharp rise in overseas travel and direct purchases from foreign countries, a state-run consumer agency said Sunday. The number of complaints about direct overseas purchases and foreign travel services came to 3,933 cases [...]

Work-Life Balance Policy Changes Drive Overseas Direct Purchasing Trends

Work-Life Balance Policy Changes Drive Overseas Direct Purchasing Trends

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 [...]

Retail Giants Evolving After Learning Hard Lessons from E-commerce Rivals

Retail Giants Evolving After Learning Hard Lessons from E-commerce Rivals

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 [...]

Online Shopping Portals Tout Free Shipping to Attract Customers

Online Shopping Portals Tout Free Shipping to Attract Customers

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 [...]