SEJONG, Sept. 3 (Korea Bizwire) — Online shopping jumped 15.8 percent from a year earlier in July, data showed Thursday, as the coronavirus pandemic prompted more shoppers to buy goods via e-commerce platforms. The value of online transactions came to 12.96 trillion won (US$10.9 billion) in the month, up 1.76 trillion won from the same [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s nonstore retail sales jumped more than 19 percent to a new all-time high in the first half of the year due to the coronavirus outbreak, data showed Monday. Consumer spending through online shopping and other nonstore channels swelled 19.4 percent on-year to 46.2 trillion won (US$39.1 billion) [...]
SEOUL, July 28 (Korea Bizwire) — The outbreak of the coronavirus has brought South Koreans older than 50 years of age closer to Internet video services and online shopping. The Lina Heyday Foundation, a corporate social responsibility (CSR) organization operated by Lina Life Insurance Korea, announced on Friday that it had conducted a survey of [...]
According to a survey in South Korea in 2019, KakaoPay was the most popular mobile payment service among Millennials and Generation Zs (aged 19 to 34) in South Korea. (image: KakaoPay Corp.) SEOUL, July 22 (Korea Bizwire) — The number of people using financial mobile apps, including for banking and stock trading, has surpassed users [...]
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 [...]