Why we were founded
Founded and headquartered in Incheon, the logistics hub in Korea, “KoreaAsia.biz” helps your “cross-border E-commerce” development in and around Korea by providing professional services: local online channels, customer services, cross-border delivery, social media marketing, and big data analysis.
Recent big wave of Korean online buyer is cross-border E-commerce. During year 2013, Korean online buyers purchased more than 1 billion USD1) from online shops outside of Korea to avoid multi-level distribution margins. But we found that there are no Korean language- online shops operated by Non-Korean online sellers.
Now we set for role as a virtual bridge between Non-Korean Sellers and Korea Buyers to increase both parties’ benefits. Furthermore we are planning to launch same services in developing countries around Korea.
1) Source: Korea Customs Service
Why still Korean E-commerce Market
- High B2C E-Commerce expenditure per capita
- Leading Asia Shopping Trend by K-Pop & TV programs
- World Best & Cheapest Internet & Mobile Infrastructure
- Low English Proficiency level among advanced economies
| OVERALL | COUNTRY | MARKET SIZE | INFRASTRUCTURE |
|---|---|---|---|
| 1 | United Kingdom | 2 | 9 |
| 2 | USA | 1 | 15 |
| 3 | Germany | 4 | 14 |
| 4 | France | 3 | 16 |
| 5 | Netherlands | 9 | 5 |
| 6 | South Korea | 7 | 12 |
| 7 | Japan | 5 | 17 |
| 8 | Switzerland | 14 | 4 |
| 9 | Finland | 20 | 3 |
| 10 | Sweden | 16 | 6 |
The 2013 Global E-Commerce Index
| Rank | Crountry | Market type | Online market size(40%) | Consumer behavior(20%) | Growth potential(20%) | Infra-structure(20%) | Online market attractleveness score |
|---|---|---|---|---|---|---|---|
| 1 | China | Next Generation | 100.0 | 68.8 | 100.0 | 51.1 | 84.0 |
| 2 | Japan | Digital DNA | 100.0 | 100.0 | 17.4 | 99.1 | 83.3 |
| 3 | United States | Established and Growing | 100.0 | 77.6 | 39.8 | 96.5 | 82.8 |
| 4 | United Kingdom | Established and Growing | 100.0 | 77.5 | 14.7 | 86.3 | 75.7 |
| 5 | South Korea | Digital DNA | 79.6 | 97.4 | 9.3 | 95.1 | 72.2 |
| 6 | Germany | Established and Growing | 90.3 | 78.3 | 28.1 | 65.1 | 70.4 |
| 7 | France | Established and Growing | 85.5 | 75.7 | 7.4 | 71.6 | 65.2 |
| 8 | Brazil | Next Generation | 37.2 | 51.2 | 64.7 | 64.1 | 50.9 |
| 9 | Australia | Established and Growing | 15.7 | 89.4 | 46.2 | 86.9 | 50.8 |
| 10 | Canada | Established and Growing | 17.7 | 73.5 | 48.3 | 91.5 | 49.7 |
Source : A.T.Kearney
Why Korean consumers buy from overseas online sellers
- Consumer Awareness about high importers’ margin
- Consumers’ rush for newly launching products
- Competitive Promotions from import agents for individual buyers
- Import Duty & Sales Tax Free for online individual buyers (Up to 100 USD from anywhere & 200 USD from U.S.A)
Kyoung Duk Yang
Belief : ‘The World is big, and there’s a lot to be done.’
Previous :
- Business Consultant for Foreign Investors, Incheon Free Economic Zone Authority
- Relationship Manager for SME clients in Korea, Standard Chartered Bank
- Marketing Manager for S.E. Asia Distribution Channels, Samsung Electronics Co.
- Training Officer (1st Lieutenant), Republic of Korea Air Force
Current : ceo@koreasia.biz
