SEOUL, Dec.1 (Korea Bizwire) – K Bank Consortium, which has gained preliminary approval as an internet-only bank, pledged that it will create an innovative success model and lead the revitalization of the economy. Company officials also mentioned their vision to make ‘community neo-banks’ that are friendly and easy to use for everyone. Officials also laid [...]
SEOUL, Nov. 30 (Korea Bizwire) – South Korea’s location-based coupon application provider YAP Company said Monday it has agreed to export its technology to Starbucks stores in Hong Kong, beefing up its efforts to tap the Chinese market. YAP Company currently operates an application, dubbed YAP, in South Korea, which allows users to download coupons [...]
SEOUL, Sept. 14 (Korea Bizwire) – The number of direct overseas purchases has been increasing every year, and for the first time last year, reached 1 trillion won. The trend continues as the number of people directly buying their holiday gifts for Chuseok (Korean Thanksgiving) from overseas websites is increasing. According to Gmarket, an online shopping [...]
SEOUL, Aug. 18 (Korea Bizwire) – South Korea’s top tech giant Samsung Electronics said Tuesday the country’s 10 credit card companies have agreed to support its new mobile payment system whose launch is slated for later this week. The Samsung Pay service, scheduled to debut on Thursday in South Korea, supports not only the near field [...]
SEOUL, Aug. 11 (Korea Bizwire) – SK Planet, the IT solution developer of SK Group, announced that its Syrup Pay service introduced in April is gaining traction, as it surpassed 60 billion won in accumulated transactions this month. SK Planet launched the simple online payment service through all of the shopping channels on its 11St [...]
SEOUL, Aug. 4 (Korea Bizwire) – Prior to the official launch of Samsung Pay, Samsung Electronics‘ simple on and offline payment solution, Korean card companies are busy preparing for the service. According to credit card industry representatives, Samsung Card, Samsung Group’s card company, and BC Card are now offering a trial run of Samsung Pay [...]
SEJEONG, August 4 (Korea Bizwire) – Even though consumption in Korea froze as a side effect of the Middle East Respiratory Syndrome (MERS) outbreak, the portion of online shopping increased, reaching an all-time high. With consumers avoiding crowded areas, online shopping presented a safe and convenient alternative. According to the ‘Sales Trend in Retail and Online [...]
SEOUL, July 30 (Korea Bizwire) – With the return of the vacation season, ‘11th street‘ announced they would be holding a special promotion for travel packages until August 9. The ‘Silkroad Desert Camp’, where you can experience the lives of Mongolian nomads, costs 2,036,100 won; the ‘Ice Field Parkway’, where you can experience Canadian glaciers, [...]
SEOUL, July 24 (Korea Bizwire) – Coupang, an online shopping site, was tops in terms of mobile app users among major e-commerce companies for the past three years. According to market researcher Neilsen Koreanclick, Coupang maintained its top position in the Korean e-commerce industry, including open markets, home shopping and composite online shopping malls in terms [...]
SEOUL, July 23 (Korea Bizwire) – For consumers who use new types of e-commerce such as cross-border shopping and social commerce, Korea’s fair trade watchdog will implement more safeguards against unfair practices such as exaggerated discount rates. The Fair Trade Commission announced on July 22 that it would revise the Guidelines for Consumer Protection in Electronic Commerce [...]