SEOUL, Aug. 31 (Korea Bizwire) — Sales of online stores jumped on the first day on which South Korea imposed stricter social distancing guidelines to stem the spread of the new coronavirus outbreak, retailers said Monday. In a sharp contrast, sales of retail stores plunged as people opted to stay at home and order online [...]
SEOUL, Jan. 29 (Korea Bizwire) — Retail sales in South Korea moved up 4.8 percent last year on the back of brisk sales at online malls, while revenue from offline stores lost ground, data showed Wednesday. The combined sales of 26 major offline and online retailers reached 132.9 trillion won (US$113 billion) last year, according [...]
SEOUL, Sept. 23 (Korea Bizwire) — The furniture industry is stepping up its online business. Through online markets, furniture manufacturers are able to introduce a variety of products without the limitations of space, and are in turn benefiting from lower operating costs. A notable change was made by Swedish furniture giant IKEA, which entered the [...]
SEOUL, Jul. 6 (Korea Bizwire) — An increasing number of South Korean consumers are rushing to online stores to buy fresh food products that have traditionally been purchased at large supermarkets or hypermarkets. According to mobile e-commerce company Ticket Monster, the company’s online “supermarket” that sells daily necessities via the Internet revealed today that fresh [...]