SEJONG, May 4 (Korea Bizwire) – South Korea’s online sales continued their upbeat mode to reach a fresh record high in March amid recovering consumer sentiment, government data showed Thursday. Total online transactions reached 6.33 trillion won (US$5.58 billion) in March, up 21.3 percent from 5.22 trillion won tallied a year earlier, according to the [...]
SEOUL, Mar. 7 (Korea Bizwire) – Over half of South Korean consumers now shop online through a mobile device, rather than a desktop computer, according to Statistics Korea. In January of this year, online shopping through mobile devices accounted for more than 58 percent of all online sales in South Korea, the highest percentage since records [...]
SEJONG, Feb. 3 (Korea Bizwire) – Online shopping in South Korea reached a fresh record high in December on the back of a steady upbeat trend of buying goods through computers and mobile phones, government data showed Friday. Total online transactions reached a record 6.2 trillion won (US$5.4 billion) in December, up 15.4 percent from [...]
SEOUL, May 6 (Korea Bizwire) – According to the report ‘B2C (Between Corporation and Consumer) Index 2016’ published on May 5 by the United Nations Conference on Trade and Development (UNCTAD), Luxembourg ranked first in the world after scoring a total of 89.7 points calculated according to the internet usage rate of its population, credit [...]
SEOUL, April 24 (Korea Bizwire) – Mobile GS Shop, a Korean retail giant, announced on April 20 that computer software used to automatically recommend products has recently won an online competition against one of the retailer’s merchandisers. Of the more than 30,000 customers participating in the event, two-thirds of them favored the software. The promotion [...]
SEOUL, March 3 (Korea Bizwire) – While the retail sector in general is going through tough times amid the economic slowdown, convenience stores and online shopping websites — especially those dedicated to mobile users — are weathering the storm, with consistent double digit growth rates. Not surprisingly, there is a secret to their ability to outperform [...]
SEJEONG, August 4 (Korea Bizwire) – Even though consumption in Korea froze as a side effect of the Middle East Respiratory Syndrome (MERS) outbreak, the portion of online shopping increased, reaching an all-time high. With consumers avoiding crowded areas, online shopping presented a safe and convenient alternative. According to the ‘Sales Trend in Retail and Online [...]
SEOUL, May 1 (Korea Bizwire) — As grocery shopping through major retailers’ mobile shopping platforms is becoming a normal practice among Koreans, women in their forties are increasingly using mobile devices to buy their groceries. According to the Ticket Monster social commerce site, 73 percent of the company’s female customers made purchases through the company’s [...]
SEOUL, March 24 (Korea Bizwire) – Thanks to the ubiquity of smartphones and tablets, annual sales volumes for mobile shopping in Korea first exceeded the 10 trillion won mark last year. According to the “Distribution Industry Whitepaper 2015” released on March 23 by the Korea Chamber of Commerce and Industry (KCCI), the total volume of [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – The so-called “thumb generation” takes home for their most preferred shopping place, according to a survey. According to Auction, an open market operator, which conducted the survey asking its 1,590 members last month, almost six out of ten respondents (58%) answered that they do mobile shopping “when [...]