e-commerce Archives | Be Korea-savvy
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 [...]

No. 1 Portal Operator Naver Vying with E-commerce Operators with New Services

No. 1 Portal Operator Naver Vying with E-commerce Operators with New Services

SEOUL, May 18 (Korea Bizwire) — Naver Corp., the operator of the country’s No. 1 internet portal, is moving fast to grab a share in the fast-growing online shopping segment with two different services that may eventually transform the portal operator into the so-called search-based marketplace. The new services also signal a seismic change in [...]

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

SEOUL, May 6 (Korea Bizwire) — Online shopping surged nearly 12 percent from a year earlier in March, data showed Wednesday, an apparent outcome of the new coronavirus outbreak that forced people to stay home. The value of online transactions came to about 12.58 trillion won (US$10.3 billion) in the month, up 11.8 percent from [...]

Lotte Shopping Launches Integrated Online Shopping Site amid Increased Competition

Lotte Shopping Launches Integrated Online Shopping Site amid Increased Competition

SEOUL, April 28 (Korea Bizwire) — Lotte Shopping Co. — the operator of South Korea’s biggest department store and hypermarket chains — on Tuesday launched an ambitious online shopping website to better compete with major e-commerce operators, such as Coupang. Lotte ON integrates the websites of Lotte’s eight affiliates, including Lotte Department Store, the electronics [...]

E-commerce Battleground Turns to ‘Easy Returns’

E-commerce Battleground Turns to ‘Easy Returns’

SEOUL, Feb. 18 (Korea Bizwire) — The e-commerce industry, which has long emphasized “fast delivery,” is now expanding its services, with competition now turning to offering “easy returns”. South Korea’s major shopping portal 11st said Monday that it has introduced a service to offset return costs caused by customers exchanging products, in which an insurance [...]

Shopping Keywords of the Year: One Day, One Person

Shopping Keywords of the Year: One Day, One Person

SEOUL, Dec. 6 (Korea Bizwire) — The most popular keywords in the South Korean online shopping market this year are “one day” and “one person.” Interpark, an online shopping site, said in a recent report that marketing kicked off in Korea’s e-commerce industry this year using so-called “one-day” promotions. One-day promotions refer to sales events [...]