SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s foreign exchange authorities on Thursday have warned that any unreported direct foreign currency transactions between individual residents can be subject to punishment under the nation’s foreign exchange laws. A growing number of individuals are buying and selling dollars through secondhand marketplaces such as Danggeun Market to save [...]
SEOUL, Oct. 4 (Korea Bizwire) — Online shopping in South Korea rose 16 percent on-year in August on the back of surging demand for travel during the vacation season amid eased COVID-19 restrictions and growing grocery shopping for preparations for the Chuseok holiday, data showed Tuesday. The value of online shopping transactions came to 17.72 [...]
SEOUL, Sept. 1 (Korea Bizwire) — Online shopping in South Korea rose 8.8 percent on-year in July as eased COVID-19 restrictions bolstered demand for travel and leisure services, and online grocery shopping continued to grow, data showed Thursday. The value of online shopping transactions came to 17 trillion won (US$12.6 billion) in July, compared with [...]
SEOUL, Aug. 11 (Korea Bizwire) — SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, ranked first in terms of per-transaction settlement amount among South Korea’s major e-commerce platforms, a credit rating firm said Wednesday. NICE Investors Service analyzed the average settlement amount per transaction at major e-commerce platforms for the period [...]
SEOUL, Aug. 1 (Korea Bizwire) — Online shopping in South Korea rose around 10 percent in June from a year ago as the lifting of COVID-19 restrictions boosted demand for travel and leisure services and food, data showed Monday. The value of online shopping transactions came to 16.8 trillion won (US$12.9 billion) in June, up [...]
SEOUL, July 18 (Korea Bizwire) — South Koreans’ transactions of foreign stocks fell sharply in the first half of the year from six months earlier on bearish overseas equity markets, with their bond trading edging up, data showed Monday. Local investors’ transactions of overseas shares were valued at US$167.99 billion in the January-June period, down [...]
SEOUL, July 1 (Korea Bizwire) — Online shopping in South Korea continued to increase in May as the lifting of virus curbs bolstered demand for travel and cultural services and foodstuffs, data showed Friday. The value of online shopping transactions stood at 17.3 trillion won (US$13.4 billion) in May, up 10.5 percent from the previous [...]
SEOUL, June 2 (Korea Bizwire) — Online shopping in South Korea continued to grow in April as eased virus curbs and the economic recovery boosted demand for travel services and foodstuffs, data showed Thursday. The value of online shopping transactions stood at 16.5 trillion won (US$13.2 billion) in April, up 11.9 percent from the previous [...]
SEOUL, May 2 (Korea Bizwire) — Online shopping in South Korea rose to the second-highest level in March on the back of solid demand for food delivery services and travel services amid the economic recovery, data showed Monday. The value of online shopping transactions stood at 17.2 trillion won (US$13.6 billion) in March, up 11.1 [...]
SEOUL, April 5 (Korea Bizwire) — Rising concerns are alluding to cryptocurrency exchanges in South Korea receiving higher commissions than securities firms despite issues in the stability of transactions. Rep. Yoo Gyeong-joon of the People Power Party received reports from the Financial Services Commission and the Financial Supervisory Service that four major cryptocurrency exchanges in [...]