SEOUL, Jun. 19 (Korea Bizwire) — SK Telecom Co., South Korea’s No. 1 mobile carrier, on Tuesday said an online shopping mall operated by its subsidiary has attracted 500 billion won (US$449 million) in investment amid fierce competition in the e-commerce sector. SK Telecom said it will establish a new corporation hived off from SK [...]
Seoul, July 17 (Korea Bizwire) – At a time when one in ten people are literally living ‘home alone’, products for single households are selling like ice cold water on a hot day. According to 11st Street, an online shopping mall, the items that showed the fastest growth in sales were electronics for single households. [...]
SEOUL, April 6 (Korea Bizwire) — Mini-plant pots are gaining popularity, as city residents can satisfy their green thumbs at their homes and offices without having to deal with the complications associated with taking care of big plants. According to a report by online retailer 11st Street on March 5, sales of mini-plant pots through [...]
SEOUL, April 6 (Korea Bizwire) — The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea on April 5. Although the overall trade volume through Korean online businesses stood at 45.24 trillion won (US$ 41.62 billion), which is slightly lower [...]
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 [...]