SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]
SEOUL, Oct. 5 (Korea Bizwire) — As so-called ‘untact’ or contactless consumption is on the increase amid the coronavirus pandemic, the lines that once stood between the retail and delivery sectors are disappearing as market players are jumping into each other’s territories. Delivery Hero Stores Korea, a subsidiary of Germany-based online delivery service provider Delivery [...]
SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms have enjoyed a spike in demand for groceries and home appliances amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.46 trillion [...]
SEOUL, July 30 (Korea Bizwire) — Retail sales in South Korea expanded 4.6 percent in June from a year earlier despite the new coronavirus pandemic as more people purchased groceries and home appliances through online platforms, data showed Thursday. The combined sales of 26 major offline and online retailers reached 11.14 trillion won (US$9.32 billion) [...]
SEOUL, June 29 (Korea Bizwire) — Retail sales in South Korea increased 2 percent in May from a year earlier as people purchased more sanitary items and foodstuffs through online platforms in the face of the new coronavirus pandemic, data showed Monday. The combined sales of 26 major offline and online retailers reached 11.63 trillion [...]
SEOUL, May 28 (Korea Bizwire) — Retail sales in South Korea rose 3.9 percent in April from a year earlier on the back of rising demand for online platforms as more people refrained from going outside amid the new coronavirus pandemic, data showed Thursday. The combined sales of 26 major offline and online retailers reached [...]
SEOUL, April 28 (Korea Bizwire) — Retail sales in South Korea fell in March as people refrained from visiting offline stores amid the new coronavirus pandemic, data showed Tuesday. The combined sales of 26 major offline and online retailers reached 10.89 trillion won (US$8.87 billion) last month, down 3.3 percent from 11.26 trillion won a [...]
SEOUL, Feb. 10 (Korea Bizwire) — The South Korean retail industry may suffer larger losses from the novel coronavirus than the Middle East Respiratory Syndrome (MERS) in 2015, analysts said Monday, citing the new virus’ high rate of infection and tightened quarantine efforts. “The new coronavirus may have a lower fatality rate compared with MERS, [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean retail industry is paying attention to wine to somehow attract consumers who are engrossed with their smartphones to brick-and-mortar stores. Wine consumption has been on a steady rise for years. Moreover, selling alcoholic beverages online is illegal in South Korea. In response, the industry is using a [...]
SEOUL, Oct. 24 (Korea Bizwire) – Competition between domestic and overseas online retail companies is unfair, and industry support systems need to be overhauled to preempt the global e-commerce market, according to a recent study. According to a report commissioned by the Korea Economic Research Institute to Prof. Jung Yeon-sung of Dankook University, obstacles to the development [...]