e-commerce Archives | Be Korea-savvy
Retail Giants Evolving After Learning Hard Lessons from E-commerce Rivals

Retail Giants Evolving After Learning Hard Lessons from E-commerce Rivals

SEOUL, Jun. 18 (Korea Bizwire) — It is hard for consumers to live without online and mobile shopping, and for retailers already struggling with a slump in store traffic and the subsequent fall in direct to consumer sales, living up to the trend may be pronounced in the face of cutthroat competition with a slew [...]

Money-losing E-commerce Operators Face Critical Test in S. Korea

Money-losing E-commerce Operators Face Critical Test in S. Korea

SEOUL, Apr. 22 (Korea Bizwire) — E-commerce is thriving in South Korea on the back of fast delivery and competitive pricing, but mounting losses by major operators are raising questions whether their business models are sustainable in the face of increasingly toughening competition, industry insiders said Monday. The e-commerce industry has seen explosive growth in [...]

Economic Slump Boosts Gmarket Calendar Sales by 30 pct

Economic Slump Boosts Gmarket Calendar Sales by 30 pct

SEOUL, Dec. 17 (Korea Bizwire) – Tough economic times are changing the culture of South Korean businesses, where calendars were typically offered for free to employees at the beginning of a new year. Now, as employers are distributing fewer free calendars, more people are ordering calendars online. Gmarket, South Korea’s biggest online shopping portal, said [...]

Buying in S. Korea is Often Cheaper than at Overseas Online Malls

Buying in S. Korea is Often Cheaper than at Overseas Online Malls

SEOUL, Dec. 14 (Korea Bizwire) — Some brand-name shoes were more expensive when ordered abroad compared to local retailers, while most South Koreans still think it’s cheaper to buy foreign products overseas than in South Korea. The Korea Consumer Agency (KCA) said on December 13 that 11 of 18 foreign brand shoes were cheaper in [...]

Turkish Version of Popular Korean E-commerce Website a Hit

Turkish Version of Popular Korean E-commerce Website a Hit

SEOUL, Nov. 15 (Korea Bizwire) — An annual sale offered on November 11 by the Turkish edition of the popular Korean e-commerce website 11Street has become Turkey’s most popular “shopping day” just three years after it was first held. The website known as n11 (www.n11.com) revealed yesterday that it had recorded approximately 50 billion won [...]

Online Malls Enjoy Sales Boom with Discount Events

Online Malls Enjoy Sales Boom with Discount Events

SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s online malls have raked in sales during massive discount campaigns held well in advance of Black Friday in the United States, according to industry insiders Sunday. Major online malls and market places presented door-busting deals in early November to entice consumers even before department stores and discount [...]

Customs Service to Crack Down on Fake Goods from China During “Singles’ Day” Period

Customs Service to Crack Down on Fake Goods from China During “Singles’ Day” Period

SEOUL, Nov. 9 (Korea Bizwire) – The Korea Customs Service and Korea Post announced yesterday that they will be cracking down on “fake” branded goods produced in China from November 11 to 30. The crackdown is in response to the worry that a significant number of fake products will infiltrate the nation during Singles’ Day, [...]

KCA Cautions Against Foreign Household Appliances, Despite Attractive Prices

KCA Cautions Against Foreign Household Appliances, Despite Attractive Prices

SEOUL, Nov. 2 (Korea Bizwire) — Of the many foreign-made household appliances that can be purchased directly from foreign e-commerce websites, electric stoves and vacuum cleaners were found to be cheaper on foreign websites, while air purifiers produced overseas were cheaper on local websites. According to a comparison survey by the Korea Consumer Agency (KCA) [...]