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 [...]
SEJONG, June 3 (Korea Bizwire) — Online shopping jumped 12.5 percent from a year earlier in April, data showed Wednesday, as the coronavirus pandemic prompted consumers to buy more goods via e-commerce platforms. The value of online transactions came to 12.26 trillion won (US$9.98 billion) in the month, up 1.3 trillion won from the same [...]
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 [...]
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 [...]
SEOUL, April 3 (Korea Bizwire) — The total value of online shopping in South Korea soared nearly 25 percent in February from a year earlier, data showed Friday, as more people refrained from going outside amid the coronavirus pandemic. Total online transactions reached 11.9 trillion won (US$9.67 billion) in the month, up 24.5 percent from [...]
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 [...]