direct purchase Archives | Be Korea-savvy
Direct Purchase of Electronics, IT Products Hit Record High in 2018

Direct Purchase of Electronics, IT Products Hit Record High in 2018

SEOUL, Mar. 17 (Korea Bizwire) — South Korean consumers’ direct purchases of electronics and IT products through overseas online shopping malls came to a record-high level in 2018, data showed Sunday. According to the Institute for Information & Communications Technology Planning & Evaluation, South Korean consumers purchased 442.1 billion won (US$389 million) worth of home [...]

Profits at Foreign Luxury Brands Slow down on Direct Shopping, Cost Increases

Profits at Foreign Luxury Brands Slow down on Direct Shopping, Cost Increases

SEOUL, April 28 (Korea Bizwire) – Profits at top foreign luxury brands in South Korea stagnated last year, with some labels unable to come out of the red, industry data showed Friday.  According to the data provided by the e-disclosure site of the regulator Financial Supervisory Service, last year’s operational profits at Ferragamo Korea shed [...]

Chinese Shoppers of S. Korean Products Turn to Direct Online Purchases

Chinese Shoppers of S. Korean Products Turn to Direct Online Purchases

SEOUL, April 20 (Korea Bizwire) – Chinese online shoppers’ direct purchases from South Korea have not waned despite Beijing’s economic retaliations against Seoul, the latest statistics showed Thursday.  According to the Beijing office of the Korea Trade-Investment Promotion Agency (KOTRA), South Korean products accounted for 13.6 percent of direct overseas purchases through China’s Tmall, the [...]

Brexit Fallout Spurs Direct Purchasing from Britain

Brexit Fallout Spurs Direct Purchasing from Britain

SEOUL, June 27 (Korea Bizwire) – Brexit, the U.K’s decision to leave the European Union (EU), is quickly driving down the value of the British pound, and Korean shoppers are rushing to Britain’s online markets to take advantage of favorable exchange rates. Customers were quick to react to news of the ‘leave’ campaign’s victory, and started [...]

Most Overseas Consumers Intent to Repurchase Directly Korean Goods

Most Overseas Consumers Intent to Repurchase Directly Korean Goods

SEOUL, June 27 (Korea Bizwire) – A study shows that nine out of ten foreign consumers who have purchased Korean goods directly online instead of via importers or local retailers, have intent to repurchase. However, it also revealed many of them have experienced inconveniences in the purchasing process. The Korea International Trade Association (KITA) has conducted [...]