SEOUL, March 31 (Korea Bizwire) — Qoo10 said Friday it is taking over the entire stake in Interpark Commerce Corp. from the South Korean booking app Yanolja Co. for about around 150 billion won (US$114.9 million), as the Singapore-based e-commerce platform is pushing to strengthen its presence in South Korea. Qoo10 will acquire the entire [...]
SEOUL, Oct. 14 (Korea Bizwire) — Yanolja Co., a leading South Korean travel platform operator, said Thursday that it signed an agreement to buy a 70 percent stake in e-commerce businesses of Interpark Corp. for 294 billion won (US$248 million). Yanolja said its move to acquire Interpark’s travel, performing arts, shopping and book businesses is [...]
SEOUL, Nov. 1 (Korea Bizwire) — A Seoul court has ordered a major online shopping mall to compensate more than 2,400 customers 100,000 won (US$88) each for a data leak in 2016, legal sources said Sunday. The Seoul Central District Court handed a partial victory to the customers of Interpark Corp., who had demanded 300,000 [...]
SEOUL, Dec. 1 (Korea Bizwire) — Female shoppers in their 30′s have been spending the most at a local online shopping mall this fall, industry data showed Friday. South Korea’s major online shopping operator and ticketing company Interpark Corp. said 21 percent of its customers between October and the second week of November were women [...]
SEOUL, Jan.7 (Korea Bizwire) – A special sales event for a Xiaomi smartphone hosted by an online shopping site was canceled soon after its launch. Complaints from angry consumers quickly filled up internet message boards, which only proved that the cancelation of the event showed the growing influence of Chinese smartphones. With an unsatisfying explanation [...]
SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s leading online shopping site Interpark said Wednesday it has joined forces with the nation’s top mobile carrier and several other firms to win regulatory approval for running an Internet-only bank. Interpark said its consortium includes SK Telecom, the state-run Industrial Bank of Korea, GS Home Shopping and four [...]
Seoul, July 21 (Korea Bizwire) – The Cultural Heritage Administration has announced that they will be opening Gyeongbokgung Palace and Changgyeonggung Palace at night from August 11 to August 28. The special opening hours will be from 7:30 p.m. to 10 p.m., and visitors should enter before 9 p.m. The National Palace Museum of Korea, located inside Gyeongbokgung [...]
SEOUL, April 30 (Korea Bizwire) – A new fashion smartphone app has become a huge success in China. Interpark, an online market operator in Korea, announced on April 29 that its fitUin fashion application broke through the 100,000 download mark in China just one month after its release. The app enables users to try on [...]
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, Oct. 17 (Korea Bizwire) – Korean e-commerce market is continually evolving. As the nation’s B2C e-commerce market appears saturated, major players are beginning to eye B2B market and in particular, a chance to tap maintenance, repair, operations (MROs) for SMEs which is estimated to be valued at about 25 trillion won — in terms of MROs [...]