e-commerce Archives | Be Korea-savvy
Ingenico Launches Full Suite of Chinese Payment Methods for International E-commerce Players

Ingenico Launches Full Suite of Chinese Payment Methods for International E-commerce Players

AMSTERDAM, NETHERLANDS, Oct. 10 (Korea Bizwire) - Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, is transforming how international ecommerce companies operate in China. By introducing a suite of payment methods that fully caters to the preferences of local consumers, Ingenico will enable online businesses to gain better access to one of the [...]

Furniture Industry Embraces Move to Online Stores

Furniture Industry Embraces Move to Online Stores

SEOUL, Sept. 23 (Korea Bizwire) — The furniture industry is stepping up its online business. Through online markets, furniture manufacturers are able to introduce a variety of products without the limitations of space, and are in turn benefiting from lower operating costs. A notable change was made by Swedish furniture giant IKEA, which entered the [...]

S. Koreans’ Overseas Direct Purchases Up 20 pct in First Half

S. Koreans’ Overseas Direct Purchases Up 20 pct in First Half

SEJONG, Sept. 17 (Korea Bizwire) — South Koreans’ direct purchases from foreign countries rose 20 percent in the first six months of 2019 from a year earlier as more consumers opted to buy quality goods at cheap prices, customs data showed Tuesday. South Korean shoppers bought a total of US$1.58 billion worth of foreign goods [...]

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 [...]