SEOUL, April 6 (Korea Bizwire) — SK Planet, South Korea’s leading e-commerce and online platform operator, unveiled its first instant online payment tool on Monday that works without additional security programs like ActiveX, joining the industrial move to scrap the obsolete software. Its Syrup Pay operates on a password-based system for which a customer only [...]
SEOUL, April 3 (Korea Bizwire) – A housewife surnamed Lee recently received a 50,000 won mobile gift coupon from her friend. She used it at a large supermarket, on a purchase totaling 49,100 won. However, the supermarket refused to pay the 900 won in change, as it was not obliged to. Lee can use the [...]
SEOUL, March 25 (Korea Bizwire) — Due to the weakening euro and yen, Korean shoppers frequently using foreign online retailers are increasingly turning to German and Japanese online stores and away from previously popular American and Chinese options. According to overseas direct purchase agency Malltail, the number of purchases from German online retailers through the agency [...]
SEOUL, March 24 (Korea Bizwire) – Thanks to the ubiquity of smartphones and tablets, annual sales volumes for mobile shopping in Korea first exceeded the 10 trillion won mark last year. According to the “Distribution Industry Whitepaper 2015” released on March 23 by the Korea Chamber of Commerce and Industry (KCCI), the total volume of [...]
SEOUL, March 17 (Korea Bizwire) — Nearly 30 people, including the chief of the local unit of U.S. ride-booking app creator Uber Technologies Inc., have been booked on suspicion of operating illegal taxi services in South Korea, police said Tuesday. The 32-year-old head of Uber Korea, identified only by his last name Kang, another company [...]
SEOUL, March 11 (Korea Bizwire) — A new FDS (Fraud Detection System) designed to enhance security for mobile phone micropayment will be introduced by the Ministry of Science, ICT and Future Planning (MSIP) in the second quarter, according to an announcement from the ministry on March 10. The FDS will be working as an automatic detector [...]
SEOUL, March 9 (Korea Bizwire) — Large retailers in Korea have achieved great success in the operation of their mobile shopping platforms, amidst a recent slump in their offline store operation caused by ordinances restricting operating hours, and the economic slow-down. E-Mart has even started to operate a distribution center for online shopping operations only, while [...]
SEOUL, Feb. 28 (Korea Bizwire) – While South Korean Internet shopping mall users expressed high satisfaction rates for sites selling food and books, they gave poor rates to private shopper sites for overseas direct purchase (ODP) and social commerce operators. According to a Seoul Metropolitan Government report released on February 26 that evaluated 100 Internet [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics said Thursday that it has bought U.S. mobile technology firm LoopPay, a move apparently aimed at making inroads into the mobile payment technology market against its rival Apple. “Samsung has made efforts to provide safe and convenient mobile payment service,” said Shin Jong-kyun who [...]
SEJONG, Feb. 15 (Korea Bizwire) – Goods bought from foreign e-commerce shops surged over the last five years with the increase being fueled by demand for such products as coffee, handbags and sneakers, a government report showed Sunday. According to Korea Customs Service (KCS), imports from on-line shops excluding printed materials, compact discs and tissue [...]