SEOUL, March 12 (Korea Bizwire) — U.S. online shopping giant eBay is looking to unload its South Korean unit. The e-commerce industry believes that there are a few large retail companies that could potentially buy eBay Korea in the South Korean market due to its large size. According to industry sources, the deal as a [...]
SEJONG, March 4 (Korea Bizwire) — Online sales of face masks and hand sanitizers spiked in January due to the new coronavirus outbreak, despite a slowdown in overall online shopping, government data showed Wednesday. Purchases of face masks and other miscellaneous items made via computers, smartphones and tablets soared 57 percent on-year to 443 billion [...]
SEOUL, Feb. 27 (Korea Bizwire) – In the wake of the spread of the novel coronavirus outbreak, a growing number of people are buying clothes online. On the other hand, the cosmetics industry, which has suspended face-to-face services such as makeup demonstrations, is suffering from a sharp drop in sales. An online mall Handsome.com run [...]
SEOUL, Feb. 19 (Korea Bizwire) — While online shopping has become a key retail channel, there are wide variations in channel preferences by different age groups. According to a survey by South Korean retail industry analysis service WiseRetail last year on the value of payments for online services by generation, people in their 20s paid [...]
SEOUL, Feb. 19 (Korea Bizwire) – The rapid growth of online shopping has led to a significant increase in consumer interest in the parcel delivery service industry. Global Big Data Research, a South Korean big data analysis company, analyzed the amount of online information such as news and social media posts for the period between [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Koreans are increasingly favoring shopping online for daily necessities due to safety concerns over the spread of a new strain of coronavirus, analysts said Tuesday. “Shopper sentiment has grown more against offline shopping,” said SK Securities Co. analyst Lee So-joong, after people later diagnosed with the new coronavirus [...]
SEOUL, Feb. 4 (Korea Bizwire) — Consumers are resorting to online shopping to purchase everyday goods as the Wuhan coronavirus continues to expand worldwide. Coupang Inc., one of South Korea’s major online shopping portals, announced on Sunday that its Rocket Fresh service, an early morning delivery service for fresh food, could be delayed by a [...]
SEOUL, Dec. 12 (Korea Bizwire) — A study has shown that the spread of wealth among regions is evident as existing brick-and-mortar stores are moving online. A research team from Seoul National University, which contributed to a recent report from Naver Corp., South Korea’s biggest internet portal, analyzed the results of a survey of 1,485 [...]
SEOUL, Oct. 25 (Korea Bizwire) — As mobile shopping has become more common among all generations, the era of 24-hour and 7-day shopping has come. So much so that consumers’ demands are becoming more diverse. According to a survey conducted by LOTTE Members, operator of membership reward service L.POINT, consumers use an average of 5.7 [...]
SEOUL, Oct. 24 (Korea Bizwire) – Competition between domestic and overseas online retail companies is unfair, and industry support systems need to be overhauled to preempt the global e-commerce market, according to a recent study. According to a report commissioned by the Korea Economic Research Institute to Prof. Jung Yeon-sung of Dankook University, obstacles to the development [...]