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 [...]
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 [...]
SEOUL, Aug. 1 (Korea Bizwire) — Online shopping in South Korea rose around 10 percent in June from a year ago as the lifting of COVID-19 restrictions boosted demand for travel and leisure services and food, data showed Monday. The value of online shopping transactions came to 16.8 trillion won (US$12.9 billion) in June, up [...]
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 [...]
SEOUL, July 7 (Korea Bizwire) — GS Shop, a TV shopping division of GS Retail Co., said Wednesday it will introduce Netflix’s new South Korean series in a ‘home shopping’ show. The company will air a television show that introduces the Netflix Korean-language original series “Remarriage & Desires” on July 13. The show will mimic [...]
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 [...]
SEOUL, July 1 (Korea Bizwire) — Online shopping in South Korea continued to increase in May as the lifting of virus curbs bolstered demand for travel and cultural services and foodstuffs, data showed Friday. The value of online shopping transactions stood at 17.3 trillion won (US$13.4 billion) in May, up 10.5 percent from the previous [...]
SEOUL, May 19 (Korea Bizwire) — TMON Inc., one of South Korea’s major e-commerce operators, said Wednesday it will introduce a new payroll system with gamification starting from July. Under the new system, employees can earn higher salaries if they achieve higher levels by gaining experience points depending on individual performance. They can get experience [...]
SEOUL, May 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Thursday its first-quarter operating loss narrowed sharply from a year earlier thanks to record sales. Its operating loss stood at US$205.7 million in the January-March period, down 23 percent from a year earlier, the New York-listed e-commerce behemoth said in a regulatory [...]
SEOUL, March 23 (Korea Bizwire) – South Korea’s antitrust regulator will investigate e-commerce giant Coupang Inc., suspected of mobilizing employees to post false reviews on private brand (PB) products for more exposure and to attract customers, industry sources said Tuesday. Civic groups had filed reports with the Fair Trade Commission (FTC) about the suspected act [...]