online shopping malls Archives | Be Korea-savvy
Competition Flares Up Among Online Shopping Malls to Speed Up Delivery

Competition Flares Up Among Online Shopping Malls to Speed Up Delivery

SEOUL, Feb. 22 (Korea Bizwire) — Competition is heating up among South Korea’s major online shopping site operators to speed up their delivery services. A substantial number of online shopping malls are looking for ways to provide same day delivery to their customers, as well as next day delivery like Coupang’s Rocket Delivery service. South [...]

No Panic Buying for Korean Consumers Despite Stricter Social Distancing Measures

No Panic Buying for Korean Consumers Despite Stricter Social Distancing Measures

SEOUL, Dec. 1 (Korea Bizwire) — Despite stronger social distancing measures being rolled out in South Korea resulting from the spread of the COVID-19 pandemic, local consumers are showing signs of no panic buying with sales at online shopping malls growing at a marginal rate. Shinsegae Co.’s integrated online shopping mall SSG.COM said that its [...]

Online Shopping Portals Tout Free Shipping to Attract Customers

Online Shopping Portals Tout Free Shipping to Attract Customers

SEOUL, May 9 (Korea Bizwire) — Online shopping malls are increasingly competing against each other to attract customers. WeMakePrice Inc., which declared that it would provide daily necessities at the lowest prices, ignited the price competition by unveiling the results of a comparison of food prices with its rival Coupang Inc. Meanwhile TMON Inc. has [...]

Successful Early Morning Delivery Services Raise New Social Problems

Successful Early Morning Delivery Services Raise New Social Problems

SEJONG, Jan. 31 (Korea Bizwire) – Early morning delivery service, while contributing to growth in annual sales of as much as 16 percent last year among South Korean online shopping malls, is also leading way to new social problems. The Ministry of Trade, Industry and Energy announced on Wednesday that major retailers saw sales increased by an [...]

Online Malls Suffer Losses in Keen Competition Despite Growing Sales: Sources

Online Malls Suffer Losses in Keen Competition Despite Growing Sales: Sources

SEOUL, Apr. 2 (Korea Bizwire) – South Korea’s online shopping malls posted a combined operating loss of more than 700 billion won (US$661 million) last year as they have relied on excessive discounts to compete effectively with rivals in a growing market, industry sources said Monday. The amount compares with nearly 1 trillion won of operating [...]

Online Malls Suffer Losses in Keen Competition Despite Growing Sales: Sources

Online Malls Suffer Losses in Keen Competition Despite Growing Sales: Sources

SEOUL, Dec. 13 (Korea Bizwire) — South Korea’s online shopping malls are expected to post a combined 1 trillion won (US$915 million) operating loss this year as they offer excessive discounts in a competition with rivals to dominate the growing market, industry sources said Wednesday. The rising losses over the past few years come amid [...]