e-commerce Archives | Be Korea-savvy
Alibaba Vows Support for S. Korean Firms Wanting to Tap Chinese Market

Alibaba Vows Support for S. Korean Firms Wanting to Tap Chinese Market

SEOUL, Jun. 11 (Korea Bizwire) — Chinese commerce giant Alibaba Group said Monday it will lend full support to South Korean companies wanting to expand their presence in the world’s second-largest market. South Korea was the fourth-largest exporter on Alibaba’s cross-border e-commerce platform, Tmall Global, in 2017, following Japan, United States and Australia, the company [...]

Lotte to Spend 3 tln Won on Boosting E-commerce Business

Lotte to Spend 3 tln Won on Boosting E-commerce Business

SEOUL, May 15 (Korea Bizwire) — South Korea’s retail giant Lotte said Tuesday it will inject 3 trillion won (US$2.84 billion) into the conglomerate’s e-commerce business in the next five years to cope with the rapid expansion of the country’s online market. As part of its plan, Lotte Shopping Co. said eight online malls that [...]

Active Nutrition International Takes PowerBar and Dymatize Online Using the Descartes pixi* Warehouse Management Solution

Active Nutrition International Takes PowerBar and Dymatize Online Using the Descartes pixi* Warehouse Management Solution

MUNICH, Germany, Apr. 9 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Munich-based Active Nutrition International GmbH has launched ecommerce channels in Germany and Austria using the Descartes pixi* warehouse management solution (WMS) to support order fulfillment for its PowerBar and Dymatize sports nutrition [...]

Online Shopping Purchases Rise Sharply on Strong Mobile Sales Growth: Data

Online Shopping Purchases Rise Sharply on Strong Mobile Sales Growth: Data

SEOUL, Mat. 13 (Korea Bizwire) — The amount of online shopping transactions rose sharply in South Korea in January this year from a year earlier, with purchases made using mobile gadgets rising faster than transactions carried out on personal computers, government data showed Tuesday. Online transactions, excluding the services industry, soared 20.9 percent on-year to [...]

Clothing Firms Rely on Online-only Goods to Raise Profitability: Sources

Clothing Firms Rely on Online-only Goods to Raise Profitability: Sources

SEOUL, Mar. 6 (Korea Bizwire) — A growing number of South Korean fashion companies are producing online-only products and shutting down offline outlets amid ever rising sales of fashion items among the younger generation, industry sources said Tuesday. Avista Corp. said it will soon close its offline stores for Kai-aakmann brand products so they could [...]

Shinsegae to Attract US$938 mln for E-commerce Business

Shinsegae to Attract US$938 mln for E-commerce Business

SEOUL, Jan. 26 (Korea Bizwire) — South Korean retail giant Shinsegae Inc. said Friday it has signed an initial agreement with a foreign investment firm and a private equity firm to strengthen its e-commerce business amid a rapid expansion of the country’s online market. Shinsegae said it will hive off the online business divisions of [...]

Online Shopping by Customers in Their 50s and 60s Surges

Online Shopping by Customers in Their 50s and 60s Surges

SEOUL, Jan. 10 (Korea Bizwire) – The upper middle-aged crowd in their 50s and 60s are figuring out this online shopping thing, and in the process, are recording massive boosts in spending on the internet. According to the results of an analysis of shopping patterns exhibited by clientele aged 50 and above, e-commerce website Wemakeprice [...]