SEOUL, May 21 (Korea Bizwire) – Amid growing purchasing influence of Chinese tourists in the Korean market, the transaction systems of online shopping malls are becoming more and more Chinese-friendly. Lotte.com, Korea’s online shopping mall, announced on May 20 that it has developed a payment system for Chinese customers in cooperation with “Alipay,” a Chinese [...]
SEOUL, May 3 (Korea Bizwire) – Naver, Korea’s largest search portal with more than 70 percent of the market, will close its open market “ShopN” in response to public criticism and a controversy following a Fair Trade Commission investigation on the company. It has been two years since Naver established ShopN in 2012. Naver said [...]
SEOUL, Korea, April 25, 2014 (Korea Bizwire) – As Kakao transformed itself into a mobile commerce company officially, a tectonic change is afoot in the mobile commerce industry. Recently, Korea On-Line Shopping Association (KOLSA) approved Kakao, the provider of Korea’s largest mobile messenger service KakaoTalk, as its new member. As KOLSA is an umbrella group [...]
GOYANG, Korea, Nov 08 (Korea Bizwire) – Korea’s cosmetic brand “Tonymoly” will move in to the U.S. market by signing a sales agreement with Amazon. The company said on November 7 it would sell cosmetic items on the Amazon.com site through a U.S. distributor Misemet. A company official said, “With a rapid growth of the global business-to-consumer [...]