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 [...]
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 [...]
SEJONG, June 3 (Korea Bizwire) — Online shopping jumped 12.5 percent from a year earlier in April, data showed Wednesday, as the coronavirus pandemic prompted consumers to buy more goods via e-commerce platforms. The value of online transactions came to 12.26 trillion won (US$9.98 billion) in the month, up 1.3 trillion won from the same [...]
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 [...]
SEOUL, April 27 (Korea Bizwire) — TMON Inc., one of South Korea’s major e-commerce operators, said Monday it is pushing for a listing on the country’s stock market next year. The decision for an initial public offering (IPO) apparently came as the company posted its first monthly operating profit in nearly 10 years. In March, [...]
SEOUL, April 3 (Korea Bizwire) — The total value of online shopping in South Korea soared nearly 25 percent in February from a year earlier, data showed Friday, as more people refrained from going outside amid the coronavirus pandemic. Total online transactions reached 11.9 trillion won (US$9.67 billion) in the month, up 24.5 percent from [...]
SEOUL, March 12 (Korea Bizwire) — U.S. online shopping giant eBay is looking to unload its South Korean unit. The e-commerce industry believes that there are a few large retail companies that could potentially buy eBay Korea in the South Korean market due to its large size. According to industry sources, the deal as a [...]
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 [...]
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 [...]
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 [...]