overseas direct purchases Archives | Be Korea-savvy
S. Koreans’ Overseas Direct Purchases Up 20 pct in First Half

S. Koreans’ Overseas Direct Purchases Up 20 pct in First Half

SEJONG, Sept. 17 (Korea Bizwire) — South Koreans’ direct purchases from foreign countries rose 20 percent in the first six months of 2019 from a year earlier as more consumers opted to buy quality goods at cheap prices, customs data showed Tuesday. South Korean shoppers bought a total of US$1.58 billion worth of foreign goods [...]

Overseas Direct Purchases of Electronics Surge 44.3% in 2017

Overseas Direct Purchases of Electronics Surge 44.3% in 2017

SEJONG, Feb. 19 (Korea Bizwire) – South Koreans’ direct purchases of electronic goods and home appliances from overseas online sellers jumped more than 40 percent last year, government data showed Saturday. They bought 277.3 billion won (US$256.9 million) worth of home appliances, electronics and communications devices via foreign Internet shopping malls in 2017, according to the Statistics Korea’s online shopping report. It [...]

Direct Buyers Shift from American to European Market

Direct Buyers Shift from American to European Market

SEJONG, July 11 (Korea Bizwire) – While the popularity of direct buying is taking a step back, the market is seeing some changes in the products being sought by consumers, as well as the countries they’re ordering from. According to the Korea Customs Service (KCS), 8.15 million direct purchases were made during the first half of [...]

3.38M Koreans Issued Customs Clearance Codes for Overseas Direct Purchases

3.38M Koreans Issued Customs Clearance Codes for Overseas Direct Purchases

SEOUL, April 20 (Korea Bizwire) – With many Koreans enjoying online shopping overseas, the number of consumers issued customs clearance codes for overseas direct purchases has tripled in the past year. To purchase goods directly from overseas online retailers, some 3.38 million Koreans had been issued personal customs clearance codes as of February 2016. According [...]

Overseas Direct Purchase Consumers Complain About Delivery and Product Defects

Overseas Direct Purchase Consumers Complain About Delivery and Product Defects

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 [...]