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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 [...]

Online Shopping More Popular amid Coronavirus Scare

Online Shopping More Popular amid Coronavirus Scare

SEOUL, Feb. 11 (Korea Bizwire) — South Koreans are increasingly favoring shopping online for daily necessities due to safety concerns over the spread of a new strain of coronavirus, analysts said Tuesday. “Shopper sentiment has grown more against offline shopping,” said SK Securities Co. analyst Lee So-joong, after people later diagnosed with the new coronavirus [...]

Coronavirus Scare Compels Consumers to Shop Online

Coronavirus Scare Compels Consumers to Shop Online

SEOUL, Feb. 4 (Korea Bizwire) — Consumers are resorting to online shopping to purchase everyday goods as the Wuhan coronavirus continues to expand worldwide. Coupang Inc., one of South Korea’s major online shopping portals, announced on Sunday that its Rocket Fresh service, an early morning delivery service for fresh food, could be delayed by a [...]

Online Shopping Spreads Wealth Across the Nation

Online Shopping Spreads Wealth Across the Nation

SEOUL, Dec. 12 (Korea Bizwire) — A study has shown that the spread of wealth among regions is evident as existing brick-and-mortar stores are moving online. A research team from Seoul National University, which contributed to a recent report from Naver Corp., South Korea’s biggest internet portal, analyzed the results of a survey of 1,485 [...]

Reverse Discrimination Against Domestic Online Shopping Mall, Taxation Burden to Limited Products

Reverse Discrimination Against Domestic Online Shopping Mall, Taxation Burden to Limited Products

SEOUL, Oct. 24 (Korea Bizwire) – Competition between domestic and overseas online retail companies is unfair, and industry support systems need to be overhauled to preempt the global e-commerce market, according to a recent study. According to a report commissioned by the Korea Economic Research Institute to Prof. Jung Yeon-sung of Dankook University, obstacles to the development [...]