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 [...]
SEOUL, Oct. 24 (Korea Bizwire) – Competition between domestic and overseas online retail companies is unfair, and industry support systems need to be overhauled to preempt the global e-commerce market, according to a recent study. According to a report commissioned by the Korea Economic Research Institute to Prof. Jung Yeon-sung of Dankook University, obstacles to the development [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Aug. 23 (Korea Bizwire) – Hyundai Motor Co. said Friday it will provide five hydrogen-powered buses to the southern port city of Busan by October in a move to promote hydrogen-powered vehicles. The Busan metropolitan city is planning to establish 19 hydrogen charging stations by 2022 to make 4,500 hydrogen passenger cars and 100 hydrogen buses [...]
SEOUL, Jul. 26 (Korea Bizwire) — Coupang Inc., a major e-commerce company, has been dealt a series of blows over the past two months, including controversy over whether it is a Japanese company and problems with customer orders. Critics point out that while Coupang grew at a rapid pace over the years, it was not [...]
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 [...]
SEOUL, Jun. 19 (Korea Bizwire) — Online shopping users value how fast a product is delivered when they choose a shopping mall, according to a recent survey. Market analysis agency DMC Media analyzed the Internet purchasing behavior of 1,000 men and women in their 20s to 50s who had Internet shopping experience for six months [...]