SEOUL, Sept. 30 (Korea Bizwire) — South Koreans’ direct purchases from overseas online malls more than doubled in the past five years in terms of value, a ruling party lawmaker said Wednesday. Rep. Park Hong-geun of the ruling Democratic Party said the number of Koreans’ overseas online direct buying jumped to 42.99 million in 2019 [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Koreans’ complaints about cross-border transactions have skyrocketed over the past three years due to a sharp rise in overseas travel and direct purchases from foreign countries, a state-run consumer agency said Sunday. The number of complaints about direct overseas purchases and foreign travel services came to 3,933 cases [...]
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 [...]
SEOUL, Feb.14 (Korea Bizwire) – On Valentine’s day, a new report shows that foreign brand chocolates are significantly cheaper when bought directly from sellers abroad instead of at Korean stores. The Korea Consumer Agency revealed that if one buys many chocolates within the customs-exempt limit for overseas direct purchases, the total price will be cheaper [...]
Seoul, July 21 (Korea Bizwire) – The Korea Customs Service announced that they have reorganized their systems so that Unique Entry Codes needed for import declarations can be issued through mobile phones with user authentication via text. Unique Entry Codes are identifying codes issued by the customs office that an individual can use instead of their [...]