e-commerce Archives | Be Korea-savvy
Regulator Seeks to Revise E-commerce Trade Law amid Non-contact Trend

Regulator Seeks to Revise E-commerce Trade Law amid Non-contact Trend

SEOUL, March 7 (Korea Bizwire) — South Korea’s corporate watchdog said Sunday it plans to revise a law governing e-commerce transactions as an increase in online platform-based trade raised the need to better protect consumers amid a non-contact trend. The Korea Fair Trade Commission (KTFC) said it will seek to revise the Act on Consumer [...]

Amazon Joins Hands with 11st to Enter South Korean Market

Amazon Joins Hands with 11st to Enter South Korean Market

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 [...]

Advertising Agency Opens New-concept Online Shopping Mall

Advertising Agency Opens New-concept Online Shopping Mall

SEOUL, Nov. 10 (Korea Bizwire) — The South Korea’s largest ad agency is making forays into the e-commerce market. Cheil Worldwide Inc., an advertisement unit of Samsung Group, announced on Monday that it had opened a new-concept online shopping mall ‘GETTT’ that is an experience-based e-commerce platform. GETTT is an abbreviation of the words ‘Get [...]

Online Shopping Jumps 13 pct in May amid Contactless Trend

Online Shopping Jumps 13 pct in May amid Contactless Trend

SEJONG, July 3 (Korea Bizwire) — Online shopping jumped 13.1 percent from a year earlier in May, data showed Friday, as the coronavirus pandemic prompted more consumers to buy goods via e-commerce platforms. The value of online transactions came to 12.72 trillion won (US$10.59 billion) in the month, up 1.46 trillion won from the same [...]

Virus Outbreak Sheds Light on Overlooked Side of Highly Touted ‘Fast’ Delivery Services

Virus Outbreak Sheds Light on Overlooked Side of Highly Touted ‘Fast’ Delivery Services

SEOUL, June 4 (Korea Bizwire) — “Fast and predawn” delivery services by some e-commerce operators and major retailers here have enthralled many consumers for the speedy and on-time arrivals, and more recently the outbreak of the new coronavirus fueled demand for such services. Their well-built logistics systems have been even cited as one of the [...]