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Online Shopping Jumps 13 pct in May amid Contactless Trend

Online Shopping Jumps 13 pct in May amid Contactless Trend

SEJONG, July 3 (Korea Bizwire) — Online shopping jumped 13.1 percent from a year earlier in May, data showed Friday, as the coronavirus pandemic prompted more consumers to buy goods via e-commerce platforms. The value of online transactions came to 12.72 trillion won (US$10.59 billion) in the month, up 1.46 trillion won from the same [...]

Mobile Shopping Hits Record High in Q1, Food Services Continue to Rise

Mobile Shopping Hits Record High in Q1, Food Services Continue to Rise

SEOUL, June 18 (Korea Bizwire) — Purchases made through mobile gadgets like smartphones in South Korea reached a record high in the first quarter of the year due to the novel coronavirus pandemic, a report showed Thursday. The total value of mobile shopping transactions reached a fresh high of 24.79 trillion won (US$20.3 billion) in [...]

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

SEOUL, May 6 (Korea Bizwire) — Online shopping surged nearly 12 percent from a year earlier in March, data showed Wednesday, an apparent outcome of the new coronavirus outbreak that forced people to stay home. The value of online transactions came to about 12.58 trillion won (US$10.3 billion) in the month, up 11.8 percent from [...]

Significant Differences in Preferred Online Shopping Channels by Generation

Significant Differences in Preferred Online Shopping Channels by Generation

SEOUL, Feb. 19 (Korea Bizwire) — While online shopping has become a key retail channel, there are wide variations in channel preferences by different age groups. According to a survey by South Korean retail industry analysis service WiseRetail last year on the value of payments for online services by generation, people in their 20s paid [...]

E-commerce Battleground Turns to ‘Easy Returns’

E-commerce Battleground Turns to ‘Easy Returns’

SEOUL, Feb. 18 (Korea Bizwire) — The e-commerce industry, which has long emphasized “fast delivery,” is now expanding its services, with competition now turning to offering “easy returns”. South Korea’s major shopping portal 11st said Monday that it has introduced a service to offset return costs caused by customers exchanging products, in which an insurance [...]

Shopping Keywords of the Year: One Day, One Person

Shopping Keywords of the Year: One Day, One Person

SEOUL, Dec. 6 (Korea Bizwire) — The most popular keywords in the South Korean online shopping market this year are “one day” and “one person.” Interpark, an online shopping site, said in a recent report that marketing kicked off in Korea’s e-commerce industry this year using so-called “one-day” promotions. One-day promotions refer to sales events [...]