SEOUL, Sept. 3 (Korea Bizwire) — WeMakePrice, a local open market operator, announced Wednesday that it will expand the ‘Fresh Food Quality Guarantee Program’ that promises a full refund if customers aren’t satisfied with the quality of fresh food, to cover all agricultural, fisheries, and livestock products. The new initiative comes after the program was [...]
SEOUL, Jan. 30 (Korea Bizwire) — Social commerce service WeMakePrice is set to become the first South Korean shopping website to accept cryptocurrencies in South Korea. According to reports, WeMakePrice is in talks with cryptocurrency exchange Bitthumb to allow users to make payments with cryptocurrencies such as Bitcoin, which could see the website become the [...]
SEOUL, Jan. 10 (Korea Bizwire) – The upper middle-aged crowd in their 50s and 60s are figuring out this online shopping thing, and in the process, are recording massive boosts in spending on the internet. According to the results of an analysis of shopping patterns exhibited by clientele aged 50 and above, e-commerce website Wemakeprice [...]
SEOUL, Nov. 3 (Korea Bizwire) – To the Everyoung Korea Corp employees working at Wemakeprice, the Hollywood film “The Intern” starring Anne Hathaway and Robert DeNiro – featuring the latter as an elderly gentleman hired as an intern by an online shopping startup’s founder in Hathaway – must seem to be autobiographical to a certain [...]
SEOUL, March 6 (Korea Bizwire) – Sales of South Korea’s online shopping malls rose dramatically in recent months helped by the growing number of Chinese customers, data showed Monday, amid China retaliating against South Korea over Seoul’s plans to deploy an advanced U.S. missile defense system on its soil. China has been retaliating against Seoul’s [...]
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, July 22 (Korea Bizwire) – WeMakePrice, a Korean social commerce company that went through a major PR fiasco after firing and rehiring 11 merchandising assistants earlier this year, has chosen to offer stock options to all of its regular workers. A stock option is a contract between an employer and its employees in which [...]
SEOUL, Feb. 3 (Yonhap) — Korean Air, South Korea’s top flag carrier, has started to sell tickets through online social commerce stores from late last month, a rare move seen as an effort to reach more customers as it comes under growing pressure from low-cost carriers expanding their market share. Flight tickets for the Seoul-Jeju [...]
SEOUL, Jan. 15 (Korea Bizwire) — WeMakePrice, a Korean social commerce company, is suffering a major setback from a decrease in sales, web traffic and online subscribers, thought to be caused by the recent controversy over the company’s firing and re-hiring of 11 merchandising assistants. According to a weekly report by Nielsen Korea on January 14, the [...]
SEOUL, Jan. 9 (Korea Bizwire) — WeMakePrice, a Korean social commerce company, is facing criticism after firing 11 merchandising assistants after their two week probation period. WeMakePrice hired 11 assistants and assigned them to sales teams. The assistants worked 14 hours a day, and were paid 50,000 won per day. WeMakePrice said none of the [...]