online shopping Archives | Be Korea-savvy
Reverse Discrimination Against Domestic Online Shopping Mall, Taxation Burden to Limited Products

Reverse Discrimination Against Domestic Online Shopping Mall, Taxation Burden to Limited Products

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 [...]

Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

SEOUL, Sept. 16 (Korea Bizwire) – Online transactions of cosmetics are expanding as the entire distribution industry is increasingly leaning towards online platforms in South Korea. Statistics Korea and the cosmetics industry reported that online transactions of cosmetics products reached 6.6 trillion won (US$5.6 billion) between January and July, up 20 percent since last year. Cosmetics sales [...]

‘Slow Delivery’ on the Rise as Crowdfunding Market Expands

‘Slow Delivery’ on the Rise as Crowdfunding Market Expands

SEOUL, May 27 (Korea Bizwire) — While South Korean retail companies are competing over speed in the delivery market, the crowdfunding market, which typically requires at least a month before products are delivered, is rising as the new form of consumer activity in the country. Crowdfunding is based on pre-orders made by customers. If enough [...]

More Men Shopping Online After Implementation of 52-hour Work Week

More Men Shopping Online After Implementation of 52-hour Work Week

SEOUL, Dec. 19 (Korea Bizwire) — An increasing number of male customers have been shopping online ever since the 52-hour workweek was implemented earlier this year. GS Fresh, a South Korean online shopping mall operated by GS Retail Co., said that male customers who signed up for new accounts in the second half of this [...]