E-Commerce in South Korea

South Korea, known for its tech exports, faces a growing e-commerce trade deficit. The country's reliance on Microsoft Internet Explorer creates compatibility issues, hindering online transactions. The government, led by President Park, aims to remove these barriers and focus on China's vast online market. Simplifying the purchasing process is crucial for attracting consumers and boosting web-based exports.

What is one of the main reasons for South Korea's trade deficit in e-commerce?

• Reliance on tech exports

• High internet connectivity

• Limited browser compatibility

• Surplus in electronics

Which browser is predominantly used by South Korean banks and retailers, causing compatibility issues?

• Apple Safari

• Google Chrome

• Mozilla Firefox

• Microsoft Internet Explorer

What additional software is often required to use South Korean online payment systems?

• Flash Player

• ActiveX

• Java

• Silverlight

Which country is South Korea focusing on to expand its e-commerce reach?

• India

• China

• United States

• Japan

What is a key factor in attracting Chinese online shoppers to South Korean products?

• High-speed internet

• Simplified purchasing process

• Exclusive Korean brands

• Celebrity endorsements