SEOUL, Sept. 27 (Korea Bizwire) – The rise of e-commerce in South Korea has led to a steady decline in retail employment, with the number of sales workers decreasing for 60 consecutive months, according to recent government data. Statistics Korea reported on September 26 that the number of sales workers last month stood at 2.55 million, [...]
SEJONG, Aug. 2 (Korea Bizwire) – In a significant shift in consumer behavior, South Korea’s overseas direct purchases, commonly known as “jikgu,” surpassed 2 trillion won in the second quarter of this year. This milestone, reached for the first time since record-keeping began in 2014, was largely driven by a dramatic increase in purchases from China. [...]
SEOUL, May 28 (Korea Bizwire) — Retail sales in South Korea grew 10.8 percent on-year in April on the back of stronger demand from the online segment, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 15.4 trillion won (US$11.2 billion) for last month, compared with 13.9 trillion won [...]
SEOUL, March 5 (Korea Bizwire) – Online shopping sales in South Korea rose 12.1 percent on-year in January on the back of growing demand for tourism and transportation services ahead of the Lunar New Year holiday, data showed Tuesday. The value of online shopping transactions amounted to 20.28 trillion won (US$15.21 billion) in January, up [...]
SEOUL, Jan. 30 (Korea Bizwire) – The landscape of South Korea’s job market has shifted dramatically over the last decade, with a significant decline in the number of sales and retail positions, largely due to the growing dominance of online shopping over traditional stores. This shift has led to a noticeable reduction in personnel within the [...]
SEOUL, Jan. 3 (Korea Bizwire) — Online shopping sales in South Korea rose 13 percent in November on-year, driven by major sales promotional events, the statistics agency said Wednesday. The value of online shopping transactions amounted to a record high of 20.84 trillion won (US$15.89 billion) in November, up from 18.44 trillion won, according to [...]
SEOUL, Nov. 7 (Korea Bizwire) – A survey has revealed that deceptive ‘dark patterns’ persist at online shopping portals, leading consumers astray. Dark patterns refer to design and user interface techniques intentionally crafted to manipulate or deceive users into making specific choices or taking actions that may not be in their best interest. The Korea Consumer [...]
SEOUL, Sept. 4 (Korea Bizwire) — Online shopping in South Korea increased 9.1 percent on-year in July from a year earlier, data showed Monday, as the demand for travel services continues to recover to pre-pandemic normalcy. The value of online shopping transactions amounted to 18.9 trillion won (US$14.31 billion) in July, compared with 17.3 trillion [...]
SEOUL, Aug. 1 (Korea Bizwire) — Online shopping in South Korea moved up 7.7 percent in June from a year earlier on the back of a rebound in the demand for travel services, data showed Tuesday. The value of online shopping transactions amounted to 18.42 trillion won (US$14.41 billion) in June, compared with 17.1 trillion [...]
SEOUL, July 3 (Korea Bizwire) — Online shopping in South Korea rose 8.7 percent on-year in May on the stronger demand for travel services amid the eased COVID-19 restrictions, data showed Monday. The value of online shopping transactions amounted to 19.24 trillion won (US$14.6 billion) last month, compared with 17.7 trillion won tallied a year [...]