SEJONG, Jan. 8 (Korea Bizwire) – The South Korean government said Thursday it will publish a list of overseas Internet shopping sites that have repeated records of customer complaints, a move aimed at protecting local consumers. The move comes as part of a three-year government policy directive that will be effective from this year. Under [...]
SEOUL, Dec. 29 (Korea Bizwire) — A simple, non-Active X online payment service will soon be available in Korea from major credit card companies. Starting December 29, customers will be able to make credit card payments for their online transactions by providing their ID number and a password. Major Korean credit card companies such as [...]
SEOUL, Dec. 23 (Korea Bizwire) — Auction, a Korean e-commerce company, unveiled four key retail trends that shaped 2014 based on its own customer analytics, including analysis of the fifteen bestselling products through ‘All Kill,’ Auction’s hot deal section on its retail website. Auction’s four key retail trends can be abbreviated to ‘SNS MOM.’ The [...]
SAN FRANCISCO, Dec. 18 (Korea Bizwire) — By offering the ability for reviews and promotional daily deals, the Vopia.com search engine took another step forward yesterday in its bid to dominate as the go-to-place for local businesses. The Vopia.com functions launched this December 15th, are expected to draw considerable attention as it will be the [...]
SEOUL, Dec. 11 (Korea Bizwire) – It may not have been funny to her fellow passengers, but thanks to Korean Air vice-president Cho Hyun-ah, who recently delayed a flight she was on by kicking the head flight attendant off the plane, macadamia nut vendors are laughing all the way to the bank. Vice-president Cho, also known as [...]
“Beginning in December this year we will launch Line Pay in Japan. With this payment service, we will strengthen the shopping unit of Naver. Google considers Amazon as its biggest rival. It shows how much attention Internet companies pay to shopping services.” “The major money-making businesses on the Internet are advertising and shopping. In order [...]
SEOUL, Nov. 28 (Korea Bizwire) – Movie lovers can now comfortably pay for films at home with bitcoins, as CJ E&M has introduced a bitcoin payment service on its website Vingo (www.vingo.co.kr). The online portal offers up a huge quantity of video content, viewable on a myriad of gadget types including smartphones, televisions, tablets and [...]
SEOUL, Oct. 29 (Korea Bizwire) – “Going mobile” seems to play increasingly major roles in e-business as a whole. And this trend is especially prominent in e-commerce market, a field in which old and new players are raging fiercer battles for more shares in the lucrative market. GS Shop, GS Home Shopping(GSHS)’s online and mobile [...]
SEOUL, Oct. 26 (Korea Bizwire) – More and more Korean shoppers are turning away from domestic retailers that charge rip-off prices for some items and instead are flocking to foreign online websites for bargains. For example, a housewife in her late 20s said she likes to shop on Japanese and American retail sites even though she is [...]
SEOUL, Oct. 25 (Korea Bizwire) – An increasing number of global companies try to jump on the “Fintech” bandwagon. Fintech, a compound word between finance and technology, encompasses services such as mobile payment, mobile money transfer, crowd funding and the like. Investment volume on fintech skyrocketed by three-folds only in five years. According to management [...]