xbiz world
xbiz premiere
opinion

South Korean e-Sales - $1Trillion+

You know I’m often writing about emerging markets and other regional revenue opportunities, especially as regards local alternative payments.  ZDNet.com has just published results of 2012 e-commerce sales for South Korea, and they took off last year to an all-time high - 1,144 trillion won which is USD $1.05 trillion – we’ve heard the word trillion tossed around with all kinds of negative connotation in recent days, but here’s a trillion that’s a good marker, and do in large part to increased B2B transactions.

An almost 15 percent jump from 2011 to 2012 – not bad for a lagging global economy.  According to Statistics Korea (KOSTAT), this was a broad increase, with online transactions increasing across all categories.

The B2C sales increase was more modest, but still improved 6 percent to USD $18.1 billion. 

A really interesting stat for those of you innovating in the software solutions arena, C2C sales ballooned over 20 percent to USD $10.9 billion so start thinking about platforms that can tap into that burgeoning activity, and make sure to implement responsive design for all those mobile devices in use there.

Talk to me about converting South Korean traffic.

Source:  https://www.zdnet.com/south-korea-e-commerce-sales-pass-1t-7000011934/

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More Articles

opinion

Best Practices for Payment Gateway Security

Securing digital payment transactions is critical for all businesses, but especially those in high-risk industries. Payment gateways are a core component of the digital payment ecosystem, and therefore must follow best practices to keep customer data safe.

Jonathan Corona ·
opinion

Ready for New Visa Acquirer Changes?

Next spring, Visa will roll out the U.S. version of its new Visa Acquirer Monitoring Program (VAMP), which goes into effect April 1, 2025. This follows Visa Europe, which rolled out VAMP back in June. VAMP charts a new path for acquirers to manage fraud and chargeback ratios.

Cathy Beardsley ·
opinion

How to Keep Meta From Derailing Your Social Media Campaign

The heavy hand of Meta can be both unforgiving and unpredictable. Profiles that Meta decides have violated its platforms’ terms may find themselves on the receiving end of punishments — including the dreaded “shadow ban,” which can be damaging for a brand’s social media campaign and strategy.

Scarlett Ward ·
opinion

Ben Rush, Alter Sin Deliver 7-Scene 'Spain in the Ass' Extravaganza

Alter Sin, Ben Rush and executive producer Tim Valenti invite fans to tag along on a steamy trip to Barcelona in “Spain in the Ass,” starring Falcon exclusive Sir Peter, Paddy O’Brian, Dean Young, Seth Peterson, Eros Manos, Jolian and featuring the debut of Tom Storm.

Alejandro Freixes ·
trends

Pleasure Biz Mainstays Reflect on Decades-Long Careers, Share Advice for Up-and-Comers

“If you do what you love, you’ll never work a day in your life.” That saying definitely holds true in the pleasure industry, where many executives build careers that exceed a quarter century.

Ariana Rodriguez & Rachel McCarthy ·
opinion

Managing Online Safety Risk as an Adult Content Creator

Online safety is important for everyone, but poses particular challenges for adult creators, who are unfortunately often perceived as commodities rather than individuals. This can lead to entitlement and harassment, as some clients may feel they have the right to dictate a creator’s behavior or content.

Eve Batelle ·
profile

WIA Profile: Melissa Fite

Though she works behind the scenes, Melissa Fite has a bird’s-eye view of the pleasure products industry. As the marketing coordinator and junior graphic designer at XR Brands, Fite gets an intriguing overview of the latest consumer trends, plus an exciting sneak peek at XR’s newest sex toys before they hit the shelves.

Women In Adult ·
profile

Distribuciones-BES Spreads Pleasure Brands' Reach Across Mexico

It’s time to brush up on your Spanish, sex toy manufacturers. The Mexican market is thriving, and the country’s distribution and retail businesses are eager to forge new connections with brands from around the world.

Colleen Godin ·
profile

YCosmetics Founder Tess Finkle Talks Messaging Behind 'If I Say Yes' Brand

Over the past few years, sexual wellness brands have gained much prominence in the digital space. YCosmetics, which released its flagship If I Say Yes collection earlier this year, is vying to become the next intimacy and skin care brand to gain a dedicated online following.

Nishka Dhawan ·
opinion

Optimizing Spicy Content for Search Engine Boost

You’re creating awesome content and doing everything you can think of to promote it, but still not getting the traction you were hoping for. Sound familiar? If so, you have probably found yourself thinking, “How do I get more people to actually see this stuff?”

Megan Stokes ·
Show More