SEOUL, Nov. 4 (Korea Bizwire) – In response to growing privacy concerns over leaked surveillance footage appearing on adult websites, major South Korean e-commerce platforms are implementing new measures to help consumers protect their IP camera systems from unauthorized access. The move comes after sensitive footage from private homes, vacation rentals, and even plastic surgery operating [...]
OXFORD, United Kingdom, Oct. 28 (Korea Bizwire) — Unipart, the supply chain solutions and performance improvement technologies partner, has won a three-year contract with Vanchanggo, a rapidly-expanding B2B and B2C pet supplies retailer based in South Korea. Unipart will provide comprehensive e-commerce services to Vanchanggo from its 12,000m² facility in the Gyeonggi-do Province, optimising its [...]
SEOUL, Sept. 30 (Korea Bizwire) — Prosecutors on Monday grilled an e-commerce tycoon believed to be at the center of the large-scale insolvency incidents involving online shopping platforms TIMON and WeMakePrice. Ku Young-bae, CEO of the Singapore-based Qoo10 Group, the parent company of TIMON and WeMakePrice, underwent questioning as a fraud and embezzlement suspect at [...]
SEOUL, Sept. 27 (Korea Bizwire) – The rise of e-commerce in South Korea has led to a steady decline in retail employment, with the number of sales workers decreasing for 60 consecutive months, according to recent government data. Statistics Korea reported on September 26 that the number of sales workers last month stood at 2.55 million, [...]
SEOUL, Aug. 7 (Korea Bizwire) — The government will push to shorten the period of payment settlement for e-commerce platforms to their vendors and require that companies separately manage funds needed for payments in an effort to prevent a recurrence of the crisis involving Qoo10-owned marketplaces, the finance ministry said Wednesday. They are part of [...]
SEOUL, Aug. 6 (Korea Bizwire) — Finance Minister Choi Sang-mok on Tuesday unveiled policy measures for e-commerce vendors, as such vendors were hit by the recent payment delays of Qoo10-owned platforms TMON and WeMakePrice. Under the measures, the government will shorten a term of payment by e-commerce platforms to vendors, Choi told a meeting with [...]
SEOUL, Jul. 2 (Korea Bizwire) – In a bid to differentiate themselves from online shopping platforms, South Korean department stores are undergoing significant transformations, focusing on experiential retail, premium offerings, and attracting younger consumers. At the Lotte Department Store in Jamsil, Seoul, the 10th floor audio section now boasts three listening rooms. Global audio brands Geneva [...]
SEOUL, Jul. 1 (Korea Bizwire) – South Korean e-commerce platforms appear to be regaining strength after facing intense pressure from Chinese competitors like AliExpress and Temu last year. This resurgence comes as concerns over the safety of low-cost Chinese products have risen, and domestic platforms have launched aggressive promotional campaigns to win back customers. According to [...]
SEOUL, Jun. 29 (Korea Bizwire) – In a battle for dominance in the burgeoning cross-border e-commerce market, international platforms are intensifying their efforts to capture a slice of South Korea’s booming overseas sales sector, particularly in the realm of K-beauty products. Shopee, Southeast Asia’s largest e-commerce platform, announced plans to expand support for Korean products seeking [...]
SEOUL, Jun. 25 (Korea Bizwire) – In a surprising turn of events, South Korea has become the latest battleground for global e-commerce giants, with YouTube making an unprecedented move to launch its first shopping-dedicated store feature in the country. On June 23, industry sources revealed that YouTube, in collaboration with Cafe24, a KOSDAQ-listed e-commerce solutions company, [...]