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, April 18 (Korea Bizwire) – The lines between types of retailers are blurring, with open markets and social commerce businesses broadening their horizons to retail brokerage services. The industry is leaving no stone unturned in a push to attract consumers to mobile shopping markets. Large offline discount stores are building logistics centers for [...]
SEOUL, Jan.11 (Korea Bizwire) – After the start of the new year, many are redecorating their homes, leading to booming sales for companies specializing in interior decor. According to the online shopping site GMarket, the sales of home decoration items and furniture doubled compared to last year. The phenomenon is seen to result from the [...]
SEOUL, Sept. 14 (Korea Bizwire) – The number of direct overseas purchases has been increasing every year, and for the first time last year, reached 1 trillion won. The trend continues as the number of people directly buying their holiday gifts for Chuseok (Korean Thanksgiving) from overseas websites is increasing. According to Gmarket, an online shopping [...]
SEOUL, Aug. 26 (Korea Bizwire) – As violations by hidden cameras have become a recent social issue, products that protect privacy such as protection film or hidden camera detectors are in high demand. According to GMarket, an online shopping site, sales of hidden camera detectors during the recent month (July 25 to August 24) jumped 250 [...]
SEOUL, Aug. 17 (Korea Bizwire) – It seems like ‘staycations‘ are becoming a new trend during vacation season. Putting together the words ‘stay’ and ‘vacation’, ‘staycations’ are a new way of enjoying a vacation at home, or near home. The reasons behind this trend include avoiding a flood of people, the deadly heat, and the [...]
Seoul, July 22 (Korea Bizwire) – Xiaomi (小米), a Chinese electronics company, is growing into a giant in the Korean market despite its humble name, which means ‘millet‘. With positive evaluations that their products perform well despite cheap prices, Xiaomi is dominating the online market as well as offline retailers such as HiMart. In addition, due [...]
SEOUL, April 21 (Korea Bizwire) – As more Koreans are starting to enjoy homemade coffee at reasonable prices, coffee machine sales are steadily increasing. Popular models include capsule-type machines, which stand out for their simple operation. Lotte Department Store has six brands of coffee machines on offer since 2009, including Nespresso, Dolce Gusto, illy, Cremesso, [...]
SEOUL, April 1 (Korea Bizwire) — As Korea is being hit by a multitude of emergency particle pollution warnings, and following earlier outbreaks of foot and mouth disease around the country, antibacterial products such as hand sanitizers and toy sterilizers are selling well among Korean customers. According to an announcement from GMarket on March 31, sales [...]
SEOUL, Dec. 11 (Korea Bizwire) – It may not have been funny to her fellow passengers, but thanks to Korean Air vice-president Cho Hyun-ah, who recently delayed a flight she was on by kicking the head flight attendant off the plane, macadamia nut vendors are laughing all the way to the bank. Vice-president Cho, also known as [...]