online shopping Archives | Be Korea-savvy
Men in 30s and 40s Primary Drivers of Online Shopping Growth

Men in 30s and 40s Primary Drivers of Online Shopping Growth

SEOUL, Aug. 4 (Korea Bizwire) — Market research firm Consumer Insight announced on August 3 that it had conducted a study on South Korean consumer shopping habits and their changes in partnership with the Distribution Research Center at Hanyang University. Whether it was because of the hot summer weather or other factors, the findings showed [...]

Online Shopping Experiencing Growth Surge as Retail Sales Stumble

Online Shopping Experiencing Growth Surge as Retail Sales Stumble

SEOUL, Jul. 21 (Korea Bizwire) — Online shopping is experiencing a growth surge, accounting for close to 20 percent of all retail sales in the first quarter of this year, data showed Friday. Retail transactions in the three months to March totaled 96.56 trillion won (US$85.83 billion), a growth of 4.7 percent from the same [...]

More than 1 Million Koreans Are Now Convenience Store and Online Shopping Enthusiasts

More than 1 Million Koreans Are Now Convenience Store and Online Shopping Enthusiasts

SEOUL, Jul. 10 (Korea Bizwire) — With the popularity of convenience stores and online shopping among South Koreans growing rapidly, the number of shoppers who rely heavily on both online shopping sites and convenience stores is on the rise. According to a new report released by Shinhan Card on recent retail trends, the number of consumers [...]

S. East Asian Online Shopping Market to Grow Sharply: Report

S. East Asian Online Shopping Market to Grow Sharply: Report

SEOUL, Jun. 19 (Korea Bizwire) — Southeast Asia’s online market is expected to expand sharply backed by the region’s huge population, which serves as a good business opportunity for South Korean companies, a report showed Sunday. In the report, the Korea Trade-Investment Promotion Agency (KOTRA) said the region’s online shopping market has been growing at [...]

Customer Traffic Falling Fast at Online Shopping Malls

Customer Traffic Falling Fast at Online Shopping Malls

SEOUL, May 25 (Korea Bizwire) – Online shopping malls are fast losing customer traffic, industry data showed Thursday, compounding their massive business losses last year.  According to the data, the number of unique visitors to the six top online shopping sites totaled 84.86 million last month. This is 9.2 percent less than the same month [...]

Delivery Services to Spill over into Online Grocery Shopping

Delivery Services to Spill over into Online Grocery Shopping

SEOUL, May 8 (Korea Bizwire) – Grocery shopping via online and mobile channels in South Korea rose sharply in the first quarter from a year earlier, backed by robust demand for delivery services of fresh food amid a rise in the number of one-person households, data showed Friday. The amount of transactions made for fresh produce through online shopping malls reached 2.18 trillion won (US$1.92 billion), up 35.6 percent from the first three months of [...]

S. Korea’s Online Sales Hit Record High in March

S. Korea’s Online Sales Hit Record High in March

SEJONG, May 4 (Korea Bizwire) – South Korea’s online sales continued their upbeat mode to reach a fresh record high in March amid recovering consumer sentiment, government data showed Thursday.  Total online transactions reached 6.33 trillion won (US$5.58 billion) in March, up 21.3 percent from 5.22 trillion won tallied a year earlier, according to the [...]

Internet New Battleground for Retailers as Industry Shifts

Internet New Battleground for Retailers as Industry Shifts

SEOUL, April 28 (Korea Bizwire) – The decline of the retail industry – that is, the brick-and-mortar portion of the market – is no secret.  In the U.S., major retailers have shuttered hundreds of stores over the past decade, including Sears and Kmart, which saw their numbers drop from some 3,800 to 1,430 stores over [...]

Chinese Shoppers of S. Korean Products Turn to Direct Online Purchases

Chinese Shoppers of S. Korean Products Turn to Direct Online Purchases

SEOUL, April 20 (Korea Bizwire) – Chinese online shoppers’ direct purchases from South Korea have not waned despite Beijing’s economic retaliations against Seoul, the latest statistics showed Thursday.  According to the Beijing office of the Korea Trade-Investment Promotion Agency (KOTRA), South Korean products accounted for 13.6 percent of direct overseas purchases through China’s Tmall, the [...]