A number of sales events are taking place in Korea ahead of China’s Single’s Day and Black Friday in the United States.
E-commerce company 11st said Wednesday its transactions selling overseas goods jumped 350 percent from Aug. 31 through Sept. 6 compared to the same period a month ago.
Retail giant Amazon started a new service for Korea Tuesday through 11st, an online shopping platform controlled by SK Telecom.
A model holds a dog in front of a Kia Ray, donated by 11st to the Korean Animal Welfare Association. 11st announced on Monday that the car was donated using the proceeds from a charity event sponsored by the e-commerce platform.
E-commerce operator 11st will acquire a 7.2 percent stake in delivery company Barogo with a 25 billion won ($22.73 million) investment.
E-commerce operators 11st and WeMakePrice reported net losses in 2020, despite an online shopping boom amid the coronavirus pandemic.
Amazon has partnered with SK Telecom to directly ship products to Korean consumers. SK Telecom announced Monday that under the partnership, Korean consumers will be able to purchase Amazon products on the 11st website.
Drafting off of sales holidays in other countries, Korea e-commerce operators enjoyed strong sales in early November.