SEOUL, Nov. 17 (Korea Bizwire) — A recent business deal between the U.S. e-commerce giant Amazon.com, Inc. and a local e-commerce platform 11Street Co. is likely to make waves in the domestic online shopping industry. SK Telecom Co., South Korea’s largest mobile carrier and the parent company of 11st, officially announced its plan to join hands [...]
SEOUL, March 23 (Korea Bizwire) — Manufacturers of portable oxygen canisters will be obligated to submit test results proving their safety and effectiveness, starting November 1, when applying for the license to sell them, the Ministry of Food and Drug Safety (MFDS) said Friday. The producers of the oxygen canisters are required to show that [...]
SEOUL Jan. 19 (Korea Bizwire) – The market for niche perfumes in South Korea has grown steadily in the past few years as a consumer mindset centering on the acquisition of “minor luxuries” and devotion to the highlighting of personal taste and artistic inclination has bloomed. According to industry insiders, sales of niche perfumes at [...]
SEOUL, Sept. 21 (Korea Bizwire) – Distrust generated by scandals over pesticide-riddled eggs, the supposed presence of harmful chemical substances in women’s sanitary pads and hazardous humidifier disinfectants has caused more Koreans to look abroad for solutions to everyday needs. The preference for goods that come with the “Western Advanced Nation” tag that oft emerges [...]
SEOUL, March 31 (Korea Bizwire) – South Korean internet giant Kakao revealed plans yesterday to accelerate the development of its own artificial intelligence platform, which will be adopted in its messaging app KakaoTalk and online music streaming service Melon. As interest in AI technology continues to grow, the latest move from Kakao is expected to [...]
SEOUL, May 12 (Korea Bizwire) – Coupang, a Korean e-commerce website, is expanding its platform to an open market, offering direct sales and purchases between consumers and suppliers. Coupang is a social commerce platform that previously focused on curated commerce in the form of special ‘deals’. It’s an attempt to make up for its weakness in product [...]
SEOUL, April 18 (Korea Bizwire) – The lines between types of retailers are blurring, with open markets and social commerce businesses broadening their horizons to retail brokerage services. The industry is leaving no stone unturned in a push to attract consumers to mobile shopping markets. Large offline discount stores are building logistics centers for [...]
SEOUL, Jan.19 (Korea Bizwire) – ZMI, an affiliate of the Chinese electronics brand Xiaomi, will officially enter the Korean market through the 11st online shopping site. 11st announced that it signed an agreement with ZMI to cooperate in online sales on January 13, and set foot as the official online retail channel for the brand. [...]
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 [...]
![[Feature] Homegrown Online Retail Brand “11st” Maintains Top Position](http://koreabizwire.com/wp/wp-content/uploads/2014/06/11번가.jpg "[Feature] Homegrown Online Retail Brand “11st” Maintains Top Position")
SEOUL, June 25 (Korea Bizwire) – Korea’s homegrown online retail brand 11st is growing by leaps and bounds. According to data released by Korean Click, 11st took the No. 1 position among online retail sites in terms of unique visitor numbers for the month of May. Its rank in all Internet website was No. 4 after [...]