SEOUL, Jan. 15 (Korea Bizwire) — WeMakePrice, a Korean social commerce company, is suffering a major setback from a decrease in sales, web traffic and online subscribers, thought to be caused by the recent controversy over the company’s firing and re-hiring of 11 merchandising assistants. According to a weekly report by Nielsen Korea on January 14, the [...]
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 [...]
SEOUL, Dec. 1 (Korea Bizwire) – Interstellar, the sci-fi film directed by Christopher Nolan, has attracted 8 million viewers and is projected to exceed the 10 million level in no time. According to the box office figures compiled by the Korean Film Council, its cumulative moviegoer number hit 7,965,644 as of November 29 by admitting [...]
SEOUL, Aug. 13 (Korea Bizwire) — A recent study shows that the retired “baby boomers” are rapidly turning into “pet boomers.” According to a study conducted by Auction, Korea’s online auction and e-commerce company, on the sales of pet products on its website, the sales from buyers who are in the age group of 50s and [...]
![[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 [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – The so-called “thumb generation” takes home for their most preferred shopping place, according to a survey. According to Auction, an open market operator, which conducted the survey asking its 1,590 members last month, almost six out of ten respondents (58%) answered that they do mobile shopping “when [...]
SEOUL, Korea, Mar 19 (Korea Bizwire) – A recent study revealed that Thursday is the busiest day of the week for the food and daily necessities department of online stores, whereas Saturday happens to be their slowest day. According to Auction, who analyzed the sales data from January 1 to March 13 to celebrate the [...]