SEOUL, March 3 (Korea Bizwire) — Online shopping in South Korea rose 11.5 percent in January from a year earlier, with the proportion of transactions via mobile devices reaching a record high, amid the prolonged COVID-19 pandemic, data showed Thursday. The value of online shopping transactions stood at 16.54 trillion won (US$13.74 billion) in January, [...]
SEOUL, Dec. 15 (Korea Bizwire) — Naver Corp., the operator of South Korea’s dominant Internet portal, said Sunday its artificial intelligence (AI)-based mobile shopping recommendation technology ‘AiTEMS’ led to a sharp increase in customers’ selection of items that are less popular and have fewer review comments. According to a report released by a research team [...]
SEOUL, Aug. 6 (Korea Bizwire) — A recent survey has found that South Korean consumers access mobile shopping applications more than four times a week and make actual purchases through them more than twice a week. Unlike male consumers who tend to buy as much as they need, women showed a tendency to buy more [...]
SEOUL, June 18 (Korea Bizwire) — Purchases made through mobile gadgets like smartphones in South Korea reached a record high in the first quarter of the year due to the novel coronavirus pandemic, a report showed Thursday. The total value of mobile shopping transactions reached a fresh high of 24.79 trillion won (US$20.3 billion) in [...]
SEOUL, Jun. 18 (Korea Bizwire) — It is hard for consumers to live without online and mobile shopping, and for retailers already struggling with a slump in store traffic and the subsequent fall in direct to consumer sales, living up to the trend may be pronounced in the face of cutthroat competition with a slew [...]
SEOUL, Sept. 20 (Korea Bizwire) — The amount of payments made electronically in South Korea continued to rally in the second quarter as a growing number of people use mobile shopping and remittance services, central bank data showed Thursday. The daily average amount of electronic financial transactions came to a record 117.4 billion won (US$104.87 [...]
SEOUL, Sept. 17 (Korea Bizwire) — KT Corp., South Korea’s leading wireless and fixed-line services provider, said Monday its mobile shopping service using augmented reality (AR) technology placed first among dozens of global innovative services rated by a market consulting firm. The company’s AR Market, which allows users to look at AR videos of products [...]
SEJONG, Aug. 17 (Korea Bizwire) — The ratio of mobile shopping to South Korea’s retail sales reached an all-time high in the second quarter of the year, government data showed Thursday, as more consumers are turning to smartphones and other mobile devices to buy goods. Purchases made through smartphones and tablets surged 41.5 percent on-year [...]
SEOUL, Jul. 21 (Korea Bizwire) — Online shopping is experiencing a growth surge, accounting for close to 20 percent of all retail sales in the first quarter of this year, data showed Friday. Retail transactions in the three months to March totaled 96.56 trillion won (US$85.83 billion), a growth of 4.7 percent from the same [...]
SEJONG, July 5 (Korea Bizwire) – Purchases made through mobile gadgets like smartphones reached a new all-time high in May as a growing number of people are becoming adept in using wireless devices for various reasons, government data showed Wednesday. Mobile transactions through smartphones and tablets reached 3.82 trillion won (US$3.3 billion) in May, soaring [...]