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Archive by category E Commerce

Online Shopping Up 8.8 pct in July amid Eased Virus Curbs

Online Shopping Up 8.8 pct in July amid Eased Virus Curbs

SEOUL, Sept. 1 (Korea Bizwire) — Online shopping in South Korea rose 8.8 percent on-year in July as eased COVID-19 restrictions bolstered demand for travel and leisure services, and online grocery shopping continued to grow, data showed Thursday. The value of online shopping transactions came to 17 trillion won (US$12.6 billion) in July, compared with [...]

Live Commerce Market Grows, but There Are Complaints over Frequent Buffering

Live Commerce Market Grows, but There Are Complaints over Frequent Buffering

SEOUL, Aug. 15 (Korea Bizwire) — South Korean consumers are generally satisfied with live commerce, or TV home shopping-style mobile shopping, but the biggest cause of complaints lies in frequent buffering, a poll showed Sunday. According to a survey conducted by the Korea Consumer Agency of 1,500 adult consumers who had purchased products through five [...]

E-grocery Startup Market Kurly Partners with RedMart to Sell Korean Food in Singapore

E-grocery Startup Market Kurly Partners with RedMart to Sell Korean Food in Singapore

SEOUL, Aug. 11 (Korea Bizwire) — South Korean e-grocery startup Market Kurly has partnered with RedMart, a Singaporean online grocery giant, to sell Korean food online in the Southeast Asian city-state, its operator said Thursday. Under a partnership agreement formally signed Wednesday, the South Korean company began selling 44 ready-to-eat frozen food products in Singapore [...]

E-commerce Giant Coupang’s Q2 Operating Loss Narrows on Brisk Sales

E-commerce Giant Coupang’s Q2 Operating Loss Narrows on Brisk Sales

SEOUL, Aug. 11 (Korea Bizwire) — E-commerce giant Coupang Inc. said Thursday its second-quarter operating loss narrowed sharply from a year earlier on resilient sales. Operating loss stood at US$67.14 million in the April-June period, down 87 percent from a year earlier, the New York-listed e-commerce behemoth said in a regulatory filing. It represents the [...]

SSG.com Has Highest Per-transaction Settlement Amount Among E-commerce Platforms

SSG.com Has Highest Per-transaction Settlement Amount Among E-commerce Platforms

SEOUL, Aug. 11 (Korea Bizwire) — SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, ranked first in terms of per-transaction settlement amount among South Korea’s major e-commerce platforms, a credit rating firm said Wednesday. NICE Investors Service analyzed the average settlement amount per transaction at major e-commerce platforms for the period [...]

S. Korean Meal-kit Maker Fresheasy Enters E-commerce Sites in Singapore

S. Korean Meal-kit Maker Fresheasy Enters E-commerce Sites in Singapore

SEOUL, July 12 (Korea Bizwire) — South Korean food company Fresheasy said Tuesday its meal-kit products will be made available on three Singapore e-commerce platforms — Shopee, Lazada and Qoo10 — as it tries to expand its market presence in Southeast Asia. Fresheasy is a South Korean food startup that makes ready-to-eat meal products of [...]

Brand Value of Online Shopping Malls Drops in Post-pandemic Era

Brand Value of Online Shopping Malls Drops in Post-pandemic Era

SEOUL, July 1 (Korea Bizwire) — Fierce competition in the online shopping industry, which enjoyed massive growth during the pandemic, is resulting in declining brand value for some of the major players, an appraisal website showed Thursday. Brandstock, a South Korean market research firm that determines rankings of the top 100 local brands, said in [...]