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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 [...]

E-Commerce Platforms Offer Same-Day Delivery Service

E-Commerce Platforms Offer Same-Day Delivery Service

SEOUL, Oct. 1 (Korea Bizwire) — With the market for e-commerce continuing to grow rapidly, delivery services offered by online shopping platforms are also evolving quickly. Delivery, the last step of the e-commerce experience, has come to greatly affect customer satisfaction levels, which is why many online platforms are adopting the promise of same-day delivery. [...]

More Men Buying Household Products Online After 52-Hour Work Week Enforced

More Men Buying Household Products Online After 52-Hour Work Week Enforced

SEOUL, Sept. 6 (Korea Bizwire) — Thanks to the newly imposed government edict limiting official working hours to 52 per week, an increasing number of men were found to be shopping online for household goods after spending more time at home in the evening after returning from work. According to the popular e-commerce website Auction, [...]