CU convenience stores are taking on e-commerce operators and giant retailers by allowing customers to buy more things from an app -- and delivering them to their doors for free.
TMON is postponing indefinitely its plan to go public.
Kurly—overnight delivery pioneer and operator of what it claims to be the No. 1 grocery shopping app in Korea—won’t be ringing the bell in New York.
Retailers are responding in their own ways to Level 4 social distancing rules, the highest on the four-level scale.
Online purchases in Korea topped 16 trillion won ($14 billon) for the first time, and mobile purchases are starting to catch up.
GS Retail celebrated its merger with GS Home Shopping Thursday, saying that the new entity—also called GS Retail—will be a major player in the highly competitive retail markets.
KT Group’s KTH, a television commerce operator, and KT mhows, a mobile coupon provider, merged under the name KT alpha.
Online travel and transportation purchases in April rose 55.2 percent year-on-year while culture and leisure online purchases rose 84.5 percent, which is believed to have been contributed by the rising number of people vaccinated.
Musinsa sales last year jumped 51 percent, though its operating profit shrunk 7 percent.
Lotte Mart has jumped into a price war that has intensified since Coupang went public last month. Lotte Mart has jumped into a price war that has intensified since Coupang went public last month.