SEOUL, Jan. 5 (Korea Bizwire) — Online shopping in South Korea hit a record high in November as more people bought products via e-commerce platforms amid the new coronavirus pandemic, data showed Tuesday. The value of online transactions stood at 15.1 trillion won (US$13.8 billion) in November, up 17.2 percent from the previous year, according [...]
SEOUL, Dec. 9 (Korea Bizwire) — Cafe24, a provider of web hosting and e-commerce solutions, said Tuesday it had launched a real-time integration partnership with Facebook Shops. Facebook Shops refers to an e-commerce service that integrates shopping malls with Facebook and Instagram. If users click the button below production information updated by Facebook or Instagram, [...]
SEOUL, Dec. 3 (Korea Bizwire) — Online shopping in South Korea grew 20 percent in October from a year earlier as the new coronavirus outbreak prompted people to buy goods via e-commerce platforms, data showed Thursday. The value of online transactions stood at 14.2 trillion won (US$12.9 billion) in October, compared with 11.9 trillion won [...]
SEOUL, Nov. 12 (Korea Bizwire) — When South Korean consumers buy daily necessities at online shopping malls, they tend to care about price and attempt to buy large quantities at bargain prices. However, when they buy high-priced items, they are more likely to splurge without caring much about price. eBay Korea analyzed sales data from [...]
SEJONG, Nov. 4 (Korea Bizwire) — Online shopping in South Korea soared to a new high in September due to the coronavirus pandemic and the Chuseok holiday, data showed Monday, The value of online transactions stood at 14.72 trillion won (US$12.9 billion) in the month, up 30.7 percent from a year earlier, according to the [...]
SEJONG, Oct. 5 (Korea Bizwire) — Online shopping soared 27.5 percent from a year earlier in August, data showed Monday, as the coronavirus pandemic prompted more shoppers to buy goods via e-commerce platforms. The value of online transactions came to a record high of 14.38 trillion won (US$12.29 billion) in the month, up 3.1 trillion [...]
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 [...]