SEOUL, Dec. 14 (Korea Bizwire) — The number of online shoppers went up visibly after 6 p.m. this year, data from a leading retailer showed Friday, a phenomenon industry watchers tied to shorter work hours. Hourly sales figures from Shinsegae Department Store from January to November this year showed a 30.3 percent increase from 6-6:59 [...]
SEOUL, Dec. 11 (Korea Bizwire) — A growing number of South Koreans shopping at overseas online malls are picking Chinese sites, a tally from a credit card firm indicated Tuesday. Purchase records from Nov. 1-26, compiled by the big data center at Shinhan Card, showed a 9.8 percent increase from last year in the monetary [...]
SEOUL, Oct. 23 (Korea Bizwire) – Online shopping malls are planning big sales for November, a month that used to be a slow season but is turning out record sales from discounts, industry officials said Tuesday. EBay Korea racked up sales in November last year through its “Big Smile Day” discounts. Although it did not [...]
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. [...]
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, [...]
SEJONG, Sept. 5 (Korea Bizwire) — Purchases made using the Internet and mobile devices in South Korea reached an all-time high in July, government data showed Wednesday, demonstrating the popularity of smartphones, fast delivery and convenient payment options offered to local shoppers. The total value of transactions made with computers, smartphones and tablets reached a [...]
SEOUL, May 30 (Korea Bizwire) — BTS has developed into a worldwide sensation after topping the Billboard 200 Chart, and companies are rushing in to take full commercial advantage of the Korean boyband’s success. International fans of BTS have been visiting domestic online shopping platforms while concerts showcasing the K-pop stars have been selling out [...]
SEOUL, May 4 (Korea Bizwire) — With food-related online purchases on the rise thanks to mobile delivery apps, the total volume for online shopping saw record-breaking sales in March totaling 9 trillion won. The first quarter figures for online shopping consumers from China appeared to be somewhat slower due to the lingering aftermath of the [...]
SEOUL, April 16 (Korea Bizwire) – South Korean online shopping site operators continued to report losses in 2017 amid fierce market competition, regulatory data showed Monday. Coupang Inc. suffered a combined net loss of 673.5 billion won (US$628.5 million) last year, up 20 percent from 561.8 billion won reported a year earlier, the company said in a regulatory filing. Its sales jumped 40 percent on-year [...]
SEOUL, Mat. 13 (Korea Bizwire) — The amount of online shopping transactions rose sharply in South Korea in January this year from a year earlier, with purchases made using mobile gadgets rising faster than transactions carried out on personal computers, government data showed Tuesday. Online transactions, excluding the services industry, soared 20.9 percent on-year to [...]