SEOUL, KOREA - WeMakePrice, one of Korea's leading social commerce sites, announced on June 10 that it passed the 73-billion-won mark in monthly sales in May 2013, as the number of customers using the site exceeded 11.04 million.
A company official said, "The sales growth was attributable to the 5-percent money back benefit that we gave to those who purchased goods through our website during the period from January to June regardless of how often they have purchased goods."
Prior to offering this benefit, WeMakePrice's monthly sales averaged at around 40 billion won.
WeMakePrice plans to continue to offer this benefit, as well as to launch a promotion "guaranteed lowest price or money back." Under this scheme, customers can get compensation if the price of the item they buy at WeMakePrice is higher than those selling at other social commerce sites.
