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Online Shopping Jumps 13 pct in May amid Contactless Trend

Online Shopping Jumps 13 pct in May amid Contactless Trend

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 [...]

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

Online Shopping Jumps Nearly 12 pct on-year in March amid Virus Pandemic

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 [...]

Lotte Shopping Launches Integrated Online Shopping Site amid Increased Competition

Lotte Shopping Launches Integrated Online Shopping Site amid Increased Competition

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 [...]

Significant Differences in Preferred Online Shopping Channels by Generation

Significant Differences in Preferred Online Shopping Channels by Generation

SEOUL, Feb. 19 (Korea Bizwire) — While online shopping has become a key retail channel, there are wide variations in channel preferences by different age groups. According to a survey by South Korean retail industry analysis service WiseRetail last year on the value of payments for online services by generation, people in their 20s paid [...]

Growth in Online Shopping Puts Spotlight on Delivery Industry

Growth in Online Shopping Puts Spotlight on Delivery Industry

SEOUL, Feb. 19 (Korea Bizwire) – The rapid growth of online shopping has led to a significant increase in consumer interest in the parcel delivery service industry. Global Big Data Research, a South Korean big data analysis company, analyzed the amount of online information such as news and social media posts for the period between [...]