Online shopping jumps 1.3 percent in January

Online shopping in Korea rose 1.3 percent in January.

2025-03-05

Scam on the Gram: Direct overseas purchase complaints rise as social media drives traffic

The Korea Consumer Agency found that eight in 10 consumers in Korea who made overseas direct purchases reported their transactions for some form of fraud, with social media driving traffic to foreign shopping platforms behind the sales.

2025-02-16

Hermès, LVMH-owned luxury brands to raise prices despite economic woes

Luxury brands will raise their prices once again in 2025, despite consumer sentiment having dropped to a record low and the allure of these items taking a hit due to concerns over unethical production and rising costs.

2025-01-01

Lotte shuttering duty-free stores, event spaces as sales decline

Lotte is closing underperforming duty-free stores and event spaces to address financial issues. The company plans to restructure its operations and reduce costs across various subsidiaries as it navigates declining sales.

2024-11-29

Duty free stores offer voluntary resignation schemes in fight for survival

Korea's "Big Four" duty free firms are offering early retirement packages as the industry suffers from a shift in tourist priorities.

2024-11-19

Home shopping companies face sanctions for fake foot flakes in informercial

The Korea Communications Standards Commission (KOCSC) issued warnings to GS Retail, SK Stoa, Hyundai Home Shopping and W Shopping for their misleading broadcasts on foot exfoliation products using rice paste to simulate skin flakes.

2024-10-31

Coupang hits user record in August despite membership fee hike

The e-commerce giant recorded an estimated 31.83 million users and $3.67 billion in sales in August to log its best monthly performance ever.

2024-09-05

Online shopping sales slow amid e-commerce platforms’ payment delays

Korea's online shopping sales grew at the slowest rate yet in July as the delay in payments from major e-commerce platforms and extreme heat dampened consumption, Statistics Korea said Monday.

2024-09-02