SEJEONG, August 4 (Korea Bizwire) – Even though consumption in Korea froze as a side effect of the Middle East Respiratory Syndrome (MERS) outbreak, the portion of online shopping increased, reaching an all-time high. With consumers avoiding crowded areas, online shopping presented a safe and convenient alternative. According to the ‘Sales Trend in Retail and Online [...]
Seoul, July 20 (Korea Bizwire) – Consumer “A” bought a pair of shoes for 249,000won last month. When “A” received the shoes, “A” didn’t like the design and requested a refund. However, the seller rejected the request, saying the shoes were not refundable because they were tailor made. As the number of people purchasing shoes [...]
SEOUL, April 8 (Korea Bizwire) – As more Korean consumers seek overseas direct purchases, consumer complaints are mounting in the sector. Most complaints were related to delivery issues and product defects. The Korea Consumer Agency announced on April 7 that the number of consumer counseling cases related to overseas direct purchases skyrocketed from 149 cases [...]
SEOUL, April 6 (Korea Bizwire) — The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea on April 5. Although the overall trade volume through Korean online businesses stood at 45.24 trillion won (US$ 41.62 billion), which is slightly lower [...]
SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s online shopping sales surged 20.1 percent on-year during the fourth quarter of 2014 with stellar growth in purchases through mobile gadgets, a government report showed Thursday. Total transactions during the three month period reached 12.74 trillion won (US$11.73 billion), up from 10.6 trillion won a year earlier [...]
SEJONG, Jan. 8 (Korea Bizwire) – The South Korean government said Thursday it will publish a list of overseas Internet shopping sites that have repeated records of customer complaints, a move aimed at protecting local consumers. The move comes as part of a three-year government policy directive that will be effective from this year. Under [...]
CHICAGO & BONN, Germany, June 11, 2014 (Korea Bizwire)–Consumers first and foremost do their research online, choose retailers primarily because of attractive prices and free delivery, place their order via computer, pay with their credit card, and want their purchases delivered fast. Those are the key global findings of ‘Shop the World’, a consumer survey [...]
SEOUL, Korea, Mar 19 (Korea Bizwire) – A recent study revealed that Thursday is the busiest day of the week for the food and daily necessities department of online stores, whereas Saturday happens to be their slowest day. According to Auction, who analyzed the sales data from January 1 to March 13 to celebrate the [...]
![[Kobiz Feature] What Distinguishes You from “Smart Shoppers”](http://koreabizwire.com/wp/wp-content/uploads/2013/12/21604911_m-800x449.jpg "[Kobiz Feature] What Distinguishes You from “Smart Shoppers”")
SEOUL, Korea, Dec 12 (Korea Bizwire) – At the end of the last month arrived Black Friday, the biggest shopping season of the year in the United States. Black Friday, the time when the shoppers can enjoy tremendous benefits, even had an impact on the Korean retail industry. During the Black Friday shopping season this year Korean [...]
SEOUL, South Korea, Sept 22 (Korea Bizwire) – “Showroomers” are a new group of shoppers who examine merchandise in a traditional brick-and-mortar retail store without purchasing it and go online to shop for the same item at a lower price. Is this a practice just limited to some electronic goods? Is this something only a [...]