G-Market Archives - Inside Retail Asia

Amazon Korea could crash, say experts

As Amazon Korea gears up, analysts tip it will take the same path as Wal-Mart: failure and withdrawal.

Korean online sales overtake stores

The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea. Although the overall trade volume through Korean online retailers stood at 45.24 trillion won (US$ 41.62 billion), which is slightly lower than the 46.63 trillion won (US$ 42.90 billion) trade volume for offline retailers, sales through foreign online retailers in 2014 reached 1.66 trillion (US$ 1.54 billion), which resulted in combined ove…