SEOUL, April 14 (Korea Bizwire) – South Korea’s online shopping site operators continued to report operating losses last year from a year earlier, as more market competition hurt their profitability, regulatory data showed Friday. Coupang Inc. suffered a combined operating loss of 560 billion won (US$490.8 million) in the January-December period of 2016 compared with [...]
SEOUL, Feb. 14 (Korea Bizwire) – Despite the ballooning volume of e-commerce, deficits for online shopping malls are also bloating with even a rough estimate pointing to over 1 trillion won (US$876.88 million) last year, industry officials said Tuesday. Industry records showed the country’s three leading social commerce sites — Coupang, Ticket Monster and WeMakePrice [...]
SEOUL, Feb. 8 (Korea Bizwire) – Ticket Monster, South Korea’s leading social commerce company, announced Tuesday the launch of a comparative website dubbed T-Mon Finance Mall (translated), which allows customers to compare some 5,800 on and offline financial products from 220 companies. The products available include credit cards, insurance, loans, bank accounts, installment savings, and [...]
SEOUL, Oct. 12 (Korea Bizwire) – Social commerce companies are putting an end to competing each other with free delivery services as operating losses continue to soar. Coupang doubled the minimum purchase required for free delivery (Rocket Delivery) from 9,800 ($8.73) to 19,800 starting Tuesday. Rocket Delivery is the company’s ambitious service that offers delivery within [...]
SEOUL, Sept. 29 (Korea Bizwire) – Ticket Monster (T-Mon), Korea’s leading social commerce platform, announced Thursday that it will be supplying convenience store franchise CU with Xiaomi products for offline distribution. CU outlets have already been selling Xiaomi portable battery packs (5000mAh) since the beginning of September, which were also supplied by T-Mon, but they [...]
SEOUL, Sept. 2 (Korea Bizwire) – Marked by its convenience and easy accessibility, e-commerce has rapidly matured in pace with technological progress. The global market for e-commerce has been growing by an annual average of 10 percent, and is anticipated to become a $2-trillion industry by the year 2018. Korea has also followed a similar [...]
SEOUL Aug. 31 (Korea Bizwire) – The first of 20 limited online sales of a Jaguar vehicle became official on August 30 when a customer signed a final purchase contract on Tuesday afternoon, ending three weeks of doubts and uncertainty. Ticket Monster (T-Mon), Korea’s leading social commerce platform, posted 20 Jaguar XE Portfolio and R-Sport [...]
SEOUL, Aug. 10 (Korea Bizwire) – Ticket Monster (T-Mon), Korea’s leading social commerce platform, posted 20 Jaguar XE Portfolio and R-Sport models on its website Monday, marking the first time that a Korean e-commerce site sold vehicles online. The two models were offered with stunning 7-million-won ($6,400) discounts, and were priced at 48.1 million won [...]
SEOUL, Aug. 8 (Korea Bizwire) – Ticket Monster, South Korea’s major e-commerce site, said Monday it started sales of British luxury car brand Jaguar, marking the first time for new cars to be sold on a local online shopping mall. Ticket Monster put on sales of 20 Jaguar XE Portfolios and R-Sports on Monday morning, [...]
SEOUL, June 16 (Korea Bizwire) – As cooking shows gain popularity among late night TV programs, TV watchers are purchasing more food by mobile, especially between 10pm and midnight. According to Ticket Monster, an online shopping site in Korea, which analyzed mobile purchasing patterns trends from January to May, sales of food from 10pm [...]