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Online Shopping Jumps 13 pct in May amid Contactless Trend

Online Shopping Jumps 13 pct in May amid Contactless Trend

SEJONG, July 3 (Korea Bizwire) — Online shopping jumped 13.1 percent from a year earlier in May, data showed Friday, as the coronavirus pandemic prompted more consumers to buy goods via e-commerce platforms. The value of online transactions came to 12.72 trillion won (US$10.59 billion) in the month, up 1.46 trillion won from the same [...]

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

SEOUL, May 6 (Korea Bizwire) — Online shopping surged nearly 12 percent from a year earlier in March, data showed Wednesday, an apparent outcome of the new coronavirus outbreak that forced people to stay home. The value of online transactions came to about 12.58 trillion won (US$10.3 billion) in the month, up 11.8 percent from [...]

Lotte Shopping Launches Integrated Online Shopping Site amid Increased Competition

Lotte Shopping Launches Integrated Online Shopping Site amid Increased Competition

SEOUL, April 28 (Korea Bizwire) — Lotte Shopping Co. — the operator of South Korea’s biggest department store and hypermarket chains — on Tuesday launched an ambitious online shopping website to better compete with major e-commerce operators, such as Coupang. Lotte ON integrates the websites of Lotte’s eight affiliates, including Lotte Department Store, the electronics [...]