Correction: In the previous article, we reported that the Office of Legislation would decide the consequences of the illegality of Coupang’s Roket Delivery service by the end of August. However, the office said that it is currently deliberating the issue but the time is not fixed by the end of August. SEOUL, Aug. 20 (Korea Bizwire) [...]
SEOUL, July 24 (Korea Bizwire) – Coupang, an online shopping site, was tops in terms of mobile app users among major e-commerce companies for the past three years. According to market researcher Neilsen Koreanclick, Coupang maintained its top position in the Korean e-commerce industry, including open markets, home shopping and composite online shopping malls in terms [...]
SEOUL, May 28 (Korea Bizwire) – South Korean e-commerce platform operator Coupang said Thursday it has clinched an exclusive deal with a U.S. consumer goods maker founded by American actress Jessica Alba to sell its products in the local market, a move seen as helping to solidify its status as the country’s top social commerce provider. Under [...]
SEOUL, April 15 (Korea Bizwire) – Coupang, a social commerce operator in Korea, suffered from operating losses of more than 100 billion won last year. On April 14, Coupang announced that it posted sales of 348.5 billion won (US$317.6 million) and an operating loss of 121.5 billion won (US$110.7 million) for 2014. Although the company [...]
SEOUL, Feb. 3 (Yonhap) — Korean Air, South Korea’s top flag carrier, has started to sell tickets through online social commerce stores from late last month, a rare move seen as an effort to reach more customers as it comes under growing pressure from low-cost carriers expanding their market share. Flight tickets for the Seoul-Jeju [...]
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 [...]
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 [...]