SEOUL, July 1 (Korea Bizwire) — Fierce competition in the online shopping industry, which enjoyed massive growth during the pandemic, is resulting in declining brand value for some of the major players, an appraisal website showed Thursday. Brandstock, a South Korean market research firm that determines rankings of the top 100 local brands, said in [...]
SEOUL, July 1 (Korea Bizwire) — Online shopping in South Korea continued to increase in May as the lifting of virus curbs bolstered demand for travel and cultural services and foodstuffs, data showed Friday. The value of online shopping transactions stood at 17.3 trillion won (US$13.4 billion) in May, up 10.5 percent from the previous [...]
SEOUL, June 2 (Korea Bizwire) — Online shopping in South Korea continued to grow in April as eased virus curbs and the economic recovery boosted demand for travel services and foodstuffs, data showed Thursday. The value of online shopping transactions stood at 16.5 trillion won (US$13.2 billion) in April, up 11.9 percent from the previous [...]
SEOUL, May 24 (Korea Bizwire) — Online shopping spending increased after social distancing rules were lifted. According to the survey conducted jointly by local e-commerce platforms Gmarket and Auction of 5,320 customers, 51 percent of the respondents said their spending increased somewhat in May after social distancing rules were fully lifted, followed by 26 percent [...]
SEOUL, May 2 (Korea Bizwire) — Online shopping in South Korea rose to the second-highest level in March on the back of solid demand for food delivery services and travel services amid the economic recovery, data showed Monday. The value of online shopping transactions stood at 17.2 trillion won (US$13.6 billion) in March, up 11.1 [...]
SEOUL, April 1 (Korea Bizwire) — Online shopping malls specializing in women’s fashion are going beyond fashion to tap into demand for beauty and lifestyle products. Zigzag, a fashion platform run by Kakao Style Corp., opened up a ‘beauty section’ on Friday where it sells beauty products. The ‘beauty section’ introduces more than 200 beauty [...]
SEOUL, April 1 (Korea Bizwire) — Online shopping in South Korea rose 13.7 percent on-year in February, led by solid demand for food delivery services, electronics goods and travel services amid the pandemic, data showed Friday. The value of online shopping transactions stood at 15.4 trillion won (US$12.6 billion) in February, compared with 13.6 trillion [...]
SEOUL, March 3 (Korea Bizwire) — Online shopping in South Korea rose 11.5 percent in January from a year earlier, with the proportion of transactions via mobile devices reaching a record high, amid the prolonged COVID-19 pandemic, data showed Thursday. The value of online shopping transactions stood at 16.54 trillion won (US$13.74 billion) in January, [...]
SEOUL, Feb. 3 (Korea Bizwire) — Online shopping in South Korea hit a record high in 2021, led by strong demand for food delivery services and electronics amid the pandemic, data showed Thursday. The value of online shopping transactions stood at 192.9 trillion won (US$160 billion) last year, up 21 percent from the previous year, [...]
SEOUL, Jan. 4 (Korea Bizwire) — Online shopping in South Korea hit a fresh record high in November, data showed Tuesday, in the latest sign that a growing number of people are using computers and mobile devices to buy things, ranging from clothes to electronic goods amid the prolonged COVID-19 pandemic. The value of online [...]