SEOUL, May 14 (Korea Bizwire) — Korean women are increasingly buying weights and other muscle-building exercise equipment. According to a statement from online shopping mall G-Market on May 13, sales of such items among female customers between April 12 and May 11 increased threefold compared to the same period last year. Female purchases of weight training [...]
SEOUL, April 6 (Korea Bizwire) — The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea on April 5. Although the overall trade volume through Korean online businesses stood at 45.24 trillion won (US$ 41.62 billion), which is slightly lower [...]
SEOUL, Feb. 2 (Korea Bizwire) – After plummeting tobacco sales in Korea following the price hike on New Year’s Day, demand for cigarettes is slowly but steadily recovering. After one month, stiff resistance from smokers has abated, and some have already given up their no-smoking resolutions. According to E-Mart’s analysis of its tobacco sales during [...]
SEOUL, Jan. 15 (Korea Bizwire) — WeMakePrice, a Korean social commerce company, is suffering a major setback from a decrease in sales, web traffic and online subscribers, thought to be caused by the recent controversy over the company’s firing and re-hiring of 11 merchandising assistants. According to a weekly report by Nielsen Korea on January 14, the [...]
SEOUL, Jan. 7 (Korea Bizwire) – Against the backdrop of the hiked cigarette prices, and as the consumption of electronic cigarettes increases, the South Korean government has unsheathed its sword against the battery-powered vaporizers. The Ministry of Health and Welfare held an explanation session on the harmfulness of the e-cigarettes on Jan. 6, and announced that [...]
SEOUL, Dec. 1 (Korea Bizwire) – Interstellar, the sci-fi film directed by Christopher Nolan, has attracted 8 million viewers and is projected to exceed the 10 million level in no time. According to the box office figures compiled by the Korean Film Council, its cumulative moviegoer number hit 7,965,644 as of November 29 by admitting [...]
SEOUL, Sept. 4 (Korea Bizwire) – South Korea boasts its best packages delivery service, unmatched by any other nation in the world. Korean consumers can receive goods purchased online within just a day and this speedy delivery system is largerly credited to the committed efforts made by the local delivery worker – estimated at about 45,000-strong manpower in the nation. For the [...]
![[Feature] Homegrown Online Retail Brand “11st” Maintains Top Position](http://koreabizwire.com/wp/wp-content/uploads/2014/06/11번가.jpg "[Feature] Homegrown Online Retail Brand “11st” Maintains Top Position")
SEOUL, June 25 (Korea Bizwire) – Korea’s homegrown online retail brand 11st is growing by leaps and bounds. According to data released by Korean Click, 11st took the No. 1 position among online retail sites in terms of unique visitor numbers for the month of May. Its rank in all Internet website was No. 4 after [...]
SEOUL, Korea, April 6 (Korea Bizwire) – As more and more people use their smartphones to buy things on the Internet, the use of mobile coupons is also rapidly on the rise. A recent study found that consumers show distinctive patterns in using mobile coupons by different regions. According to G-Market, a major online retailer, on April 2, [...]
![[Kobiz Feature] What Distinguishes You from “Smart Shoppers”](http://koreabizwire.com/wp/wp-content/uploads/2013/12/21604911_m-800x449.jpg "[Kobiz Feature] What Distinguishes You from “Smart Shoppers”")
SEOUL, Korea, Dec 12 (Korea Bizwire) – At the end of the last month arrived Black Friday, the biggest shopping season of the year in the United States. Black Friday, the time when the shoppers can enjoy tremendous benefits, even had an impact on the Korean retail industry. During the Black Friday shopping season this year Korean [...]