SEOUL, Nov. 2 (Korea Bizwire) – South Korea’s online sales of goods abroad have more than doubled over the past year, official data showed Wednesday. The amount came to 550.2 billion won (US$480 million) in the third quarter of 2016, up 105.4 percent from a year earlier, according to the Statistics Korea. The sharp growth [...]
SEOUL, May 25 (Korea Bizwire) – A medal that was apparently awarded by Kim Il-sung, the first Supreme Leader of North Korea and grandfather of current leader Kim Jong-un, was found on a Mexican e-commerce website, Vivauncios. According to Vivauncios, Miguel Alba, a former professor at a university in Puebla, posted the medal with an asking [...]
SEOUL, May 25 (Korea Bizwire) – In an effort to adapt to mobile shopping trends, Emart revealed Monday that it will start offering O2O (online-to-offline) services on May 26. The retailer will offer mobile product information, scan-delivery service, and a pilot operation of location-based service at its Seongsu branch. Emart’s mobile product information allows customers to [...]
SEOUL, May 12 (Korea Bizwire) – Coupang, a Korean e-commerce website, is expanding its platform to an open market, offering direct sales and purchases between consumers and suppliers. Coupang is a social commerce platform that previously focused on curated commerce in the form of special ‘deals’. It’s an attempt to make up for its weakness in product [...]
SEOUL, May 12 (Korea Bizwire) – Lotte.com, a major Korean online shopping mall, is offering a new custom-tailored shirt service that offers customers the convenience of placing orders from home, along with a men’s shirt brand called Luke & Dan. According to Lotte, the new tailoring service does not require customers to visit a store [...]
SEOUL, May 9 (Korea Bizwire) – With the airborne concentration of yellow dust and other particulate matter worsening every year, Koreans are increasingly willing to open their wallets to get their hands on fresh oxygen. According to online shopping site Gmarket, sales of oxygen-related products from January to April 28 increased by a factor of [...]
NEW YORK CITY, Nov. 4 (Korea Bizwire) — Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments, has been selected by Amazon to expand cross-border payment options to sellers from 24 countries1 who sell on marketplaces in the U.S., Spain, France, Italy, Germany and the UK. As a [...]
NEW YORK, June 19 (Korea Bizwire)–U.S. retailers seeking to grow their businesses with online shoppers overseas should look to South Korea, according to a report released today from Borderfree, a market leader in international cross-border ecommerce solutions. The report, part of Borderfree’s series of intelligence pieces on high-interest markets for ecommerce, points to South Korea [...]
SEOUL, May 12 (Korea Bizwire) – IBM (NYSE: IBM) today announced that SK Planet, a leading Korean Information and Communications Technology (ICT) company, is expanding its overseas presence in the Turkish market on the IBM Cloud. SK Planet’s mobile messenger application TicToc, built on Infrastructure as a Service (IaaS) from SoftLayer, an IBM Company, has witnessed [...]
SEOUL, Korea, Mar 29, 2014 (Korea Bizwire) — The new trend of “direct purchase” (of foreign goods) online — through which the local consumers can afford to buy cheaper ones from overseas as opposed to the usual buying pattern of importation goods — has evolved into the form of offline “direct purchase store.” At direct [...]