SEOUL, July 23 (Korea Bizwire) - The e-commerce market is in a state of tension as Jet (jet.com) challenges the largest Internet commercial transaction company, Amazon. Jet was launched on July 20. They stock around 10,000,000 items, which is less than Amazon, but the packing units are much bigger and prices are generally cheaper than [...]
SEOUL, July 22 (Korea Bizwire) – WeMakePrice, a Korean social commerce company that went through a major PR fiasco after firing and rehiring 11 merchandising assistants earlier this year, has chosen to offer stock options to all of its regular workers. A stock option is a contract between an employer and its employees in which [...]
Seoul, July 20 (Korea Bizwire) – Consumer “A” bought a pair of shoes for 249,000won last month. When “A” received the shoes, “A” didn’t like the design and requested a refund. However, the seller rejected the request, saying the shoes were not refundable because they were tailor made. As the number of people purchasing shoes [...]
Seoul, July 13 (Korea Bizwire) – Information Technology (IT) companies are getting busy before the second half of this year, when the issue of mobile payment systems is expected to come to a head. Samsung Electronics, Google and Naver, three industry powerhouses, are set to launch mobile payment systems that are expected to have widespread influence on [...]
SEOUL, July 7 (Korea Bizwire) – Samsung Pay, the proprietary mobile payment service developed by Samsung Electronics, will be introduced in its home market soon as a beta service. Samsung Card announced on July 6 that it would recruit beta testers for Samsung Pay until July 10. The beta testers will experience the Samsung Pay service [...]
SEOUL, July 3 (Korea Bizwire) – Korea has been picked as a “Mobile First” nation, with a significant number of smartphone users taking advantage of their mobile devices for Internet searches, online purchases and watching videos. According to Google’s “Consumer Barometer” analyzing internet usage patterns across the globe, 60 percent of Korean Internet users preferred [...]
SEOUL, June 25 (Korea Bizwire) — Naver, South Korea’s top Internet portal operator, said Thursday it has started a mobile payment service as part of a push into the fast-growing online platform business for e-commerce. Naver Pay, available starting Thursday, allows users to pay for an item online only with their Naver IDs, a stark [...]
SEOUL, June 16 (Korea Bizwire) – As cooking shows gain popularity among late night TV programs, TV watchers are purchasing more food by mobile, especially between 10pm and midnight. According to Ticket Monster, an online shopping site in Korea, which analyzed mobile purchasing patterns trends from January to May, sales of food from 10pm [...]
SEOUL, June 3 (Korea Bizwire) — South Korean tech giant Samsung Electronics said Wednesday it will launch a mobile payment platform in South Korea and the United States around September. Samsung Pay will be available upon the release of Samsung’s next flagship model around September, and the company will gradually expand sales to China, Europe, Australia [...]
SEOUL, May 28 (Korea Bizwire) – South Korean e-commerce platform operator Coupang said Thursday it has clinched an exclusive deal with a U.S. consumer goods maker founded by American actress Jessica Alba to sell its products in the local market, a move seen as helping to solidify its status as the country’s top social commerce provider. Under [...]