TMON Archives | Be Korea-savvy
Consumers Embrace ‘Ugly Fruit’ to Save Money

Consumers Embrace ‘Ugly Fruit’ to Save Money

SEOUL, Jul. 15 (Korea Bizwire) — So-called ‘ugly fruits’ with defects are increasingly popular at online markets. Fruits with defects have either been affected by bugs or have problems in appearance and went unsold at supermarkets and other places, discarded as ‘ugly fruits.’ E-commerce company TMON Inc. said Sunday that sales of ‘ugly fruit’ jumped [...]

Money-losing E-commerce Operators Face Critical Test in S. Korea

Money-losing E-commerce Operators Face Critical Test in S. Korea

SEOUL, Apr. 22 (Korea Bizwire) — E-commerce is thriving in South Korea on the back of fast delivery and competitive pricing, but mounting losses by major operators are raising questions whether their business models are sustainable in the face of increasingly toughening competition, industry insiders said Monday. The e-commerce industry has seen explosive growth in [...]

Online Shopping Sites Suffer Consecutive Losses in 2016

Online Shopping Sites Suffer Consecutive Losses in 2016

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 [...]

New Retail Platforms Tear Down Boundaries

New Retail Platforms Tear Down Boundaries

  SEOUL, April 18 (Korea Bizwire) – The lines between types of retailers are blurring, with open markets and social commerce businesses broadening their horizons to retail brokerage services. The industry is leaving no stone unturned in a push to attract consumers to mobile shopping markets. Large offline discount stores are building logistics centers for [...]

Surging Demand for Budget TVs as Prices Fall

Surging Demand for Budget TVs as Prices Fall

SEOUL, April 5 (Korea Bizwire) – Televisions produced by small and medium-sized companies are becoming popular for their unique value proposition of a high-quality image at a reasonable price. According to online shopping site Tmon (www.tmon.co.kr), the Q1 sales of TVs manufactured by small-size domestic companies increased by 63 percent year over year. As a [...]

Xiaomi Taking Over Korean Electronics Market

Xiaomi Taking Over Korean Electronics Market

Seoul, July 22 (Korea Bizwire) – Xiaomi (小米), a Chinese electronics company, is growing into a giant in the Korean market despite its humble name, which means ‘millet‘. With positive evaluations that their products perform well despite cheap prices, Xiaomi is dominating the online market as well as offline retailers such as HiMart. In addition, due [...]