e-commerce Archives | Be Korea-savvy
Calls Grow to Protect South Korean Industry From Chinese E-Commerce Onslaught

Calls Grow to Protect South Korean Industry From Chinese E-Commerce Onslaught

SEOUL, Mar. 22 (Korea Bizwire) – As Chinese e-commerce giants like AliExpress and Pinduoduo make deeper inroads into South Korea’s online shopping market, calls are intensifying for policies to shield domestic industries and consumers from what is seen as an onslaught by the global e-commerce behemoths.  “With the growth of South Korea’s online shopping market already [...]

January Sees 12% Surge in Online Shopping Amid Record Travel Demand

January Sees 12% Surge in Online Shopping Amid Record Travel Demand

SEOUL, March 5 (Korea Bizwire) – Online shopping sales in South Korea rose 12.1 percent on-year in January on the back of growing demand for tourism and transportation services ahead of the Lunar New Year holiday, data showed Tuesday. The value of online shopping transactions amounted to 20.28 trillion won (US$15.21 billion) in January, up [...]

Coupang Eyes Breakthrough Despite Intense Rivalry in Korea’s Thriving E-commerce Scene

Coupang Eyes Breakthrough Despite Intense Rivalry in Korea’s Thriving E-commerce Scene

SEOUL, Jan. 11 (Korea Bizwire) – As it approaches its third year of being listed on the U.S. stock market, South Korean e-commerce giant Coupang is generating buzz with expectations of its first-ever profit. However, the company faces intensifying competition with the entry of Chinese shopping platforms like AliExpress, raising concerns about the slowing growth of [...]

South Korea’s E-Commerce Boom Fueled by Rising Trend of Frugal Shopping

South Korea’s E-Commerce Boom Fueled by Rising Trend of Frugal Shopping

SEOUL, Dec. 11 (Korea Bizwire) – In a trend reflective of the times, e-commerce platforms in South Korea are increasingly becoming the main stage for cost-effective consumption, witnessing a rise in so-called ‘frugal spending.’ With soaring prices increasing consumer sensitivity to costs, there’s a notable surge in demand for products priced below 10,000 won. One example [...]

Warning Against Counterfeit Products Selling on Naver’s E-Commerce Sites

Warning Against Counterfeit Products Selling on Naver’s E-Commerce Sites

SEOUL, Oct. 17 (Korea Bizwire) – A warning has been issued regarding counterfeit products being sold on Naver’s Smart Store portal. It has been revealed that up to 300,000 counterfeit products, including fake Chanel perfume containing urine, are being sold on Naver’s portal. According to the ‘Status of Counterfeit Product Detection by Online Platforms’ issued by the [...]

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

SEOUL, Oct. 3 (Korea Bizwire) –The market for online e-coupon services, which provide gift certificates in the form of barcodes, is experiencing rapid growth. This surge can be attributed to the sustained popularity of non-face-to-face gifting practices that emerged during and after the COVID-19 pandemic. The online shopping industry anticipates that the transaction value of [...]

LG H&H, CJ Cheiljedang Form Alliances After Severing Ties with Coupang

LG H&H, CJ Cheiljedang Form Alliances After Severing Ties with Coupang

SEOUL, May 16 (Korea Bizwire) — South Korean cosmetics and household goods maker LG Household & Health Care Ltd. and food manufacturer CJ Cheiljedang Corp. have formed new partnerships with other online shopping malls, following their decision to withdraw their products from the e-commerce giant Coupang Inc.’s platform due to pricing conflicts. Gmarket said Monday [...]

S. Korean E-commerce Industry Fights Hard Against Fake Products

S. Korean E-commerce Industry Fights Hard Against Fake Products

SEOUL, April 24 (Korea Bizwire) — The e-commerce industry in South Korea is actively introducing measures to prevent the sale of fake products to improve consumer trust. Lotte On, an e-commerce platform of retail giant Lotte Group, has been using an artificial intelligence (AI) 24-hour monitoring system since January to detect any suspected counterfeit products. [...]