SEOUL, May 25 (Korea Bizwire) — The recent fad that has seen South Koreans flock to overseas Internet shopping websites to buy luxury items and premium electronics goods has expanded to include consumption of daily household items. The online shopping mall G9 operated by eBay Korea reported a 157 percent increase in sales of household [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Nov. 14 (Korea Bizwire) — SK Planet Co., the operator of local e-commerce platform 11st, said Tuesday its Turkish unit posted 42 billion won (US$37.5 million) in transactions during an online shopping event held last week, marking the highest daily ever record. The new peak was set during a shopping promotion held by n11, [...]
Will Ross, CEO of Lazada Crossborder, speaks during a press conference in Seoul on Nov. 7, 2017. (image: Lazada Group) SEOUL, Nov. 7 (Korea Bizwire) — Lazada Group, which runs the largest online shopping platform in Southeast Asia, said Tuesday it is looking for South Korean companies who will sell their products in the growing [...]
AMSTERDAM, The Netherlands, Oct. 19 (Korea Bizwire) — Payvision, global acquirer and data-driven omnichannel solutions provider, has published the findings of its fifth annual cross-border ecommerce research report, in collaboration with Juniper Research. The paper includes the results of a global survey of various industry players regarding the game-changers, the biggest challenges, the best practices [...]