SEOUL, Nov. 10 (Korea Bizwire) — The South Korea’s largest ad agency is making forays into the e-commerce market. Cheil Worldwide Inc., an advertisement unit of Samsung Group, announced on Monday that it had opened a new-concept online shopping mall ‘GETTT’ that is an experience-based e-commerce platform. GETTT is an abbreviation of the words ‘Get [...]
SEJONG, Nov. 4 (Korea Bizwire) — Online shopping in South Korea soared to a new high in September due to the coronavirus pandemic and the Chuseok holiday, data showed Monday, The value of online transactions stood at 14.72 trillion won (US$12.9 billion) in the month, up 30.7 percent from a year earlier, according to the [...]
SEJONG, Oct. 5 (Korea Bizwire) — Online shopping soared 27.5 percent from a year earlier in August, data showed Monday, as the coronavirus pandemic prompted more shoppers to buy goods via e-commerce platforms. The value of online transactions came to a record high of 14.38 trillion won (US$12.29 billion) in the month, up 3.1 trillion [...]
SEJONG, Sept. 3 (Korea Bizwire) — Online shopping jumped 15.8 percent from a year earlier in July, data showed Thursday, as the coronavirus pandemic prompted more shoppers to buy goods via e-commerce platforms. The value of online transactions came to 12.96 trillion won (US$10.9 billion) in the month, up 1.76 trillion won from the same [...]
SEJONG, July 3 (Korea Bizwire) — Online shopping jumped 13.1 percent from a year earlier in May, data showed Friday, as the coronavirus pandemic prompted more consumers to buy goods via e-commerce platforms. The value of online transactions came to 12.72 trillion won (US$10.59 billion) in the month, up 1.46 trillion won from the same [...]
SEOUL, June 4 (Korea Bizwire) — “Fast and predawn” delivery services by some e-commerce operators and major retailers here have enthralled many consumers for the speedy and on-time arrivals, and more recently the outbreak of the new coronavirus fueled demand for such services. Their well-built logistics systems have been even cited as one of the [...]
SEJONG, June 3 (Korea Bizwire) — Online shopping jumped 12.5 percent from a year earlier in April, data showed Wednesday, as the coronavirus pandemic prompted consumers to buy more goods via e-commerce platforms. The value of online transactions came to 12.26 trillion won (US$9.98 billion) in the month, up 1.3 trillion won from the same [...]
SEOUL, May 18 (Korea Bizwire) — Naver Corp., the operator of the country’s No. 1 internet portal, is moving fast to grab a share in the fast-growing online shopping segment with two different services that may eventually transform the portal operator into the so-called search-based marketplace. The new services also signal a seismic change in [...]
SEOUL, May 6 (Korea Bizwire) — Online shopping surged nearly 12 percent from a year earlier in March, data showed Wednesday, an apparent outcome of the new coronavirus outbreak that forced people to stay home. The value of online transactions came to about 12.58 trillion won (US$10.3 billion) in the month, up 11.8 percent from [...]
SEOUL, April 28 (Korea Bizwire) — Lotte Shopping Co. — the operator of South Korea’s biggest department store and hypermarket chains — on Tuesday launched an ambitious online shopping website to better compete with major e-commerce operators, such as Coupang. Lotte ON integrates the websites of Lotte’s eight affiliates, including Lotte Department Store, the electronics [...]