E-commerce Platform 'Newryeo', "All Products Sold as Buy One Get One Free"

[Asia Economy Reporter Jo In-kyung] E-commerce startup 'Newryeo' announced on the 2nd that it will launch the platform service 'Oneplewon,' which maximizes consumer rights and prioritizes producer profits.

As the name suggests, Oneplewon sells all products with a 'one plus one (1+1)' discount method, giving one free item for every one purchased. The same applies to high-end luxury brand products, where purchasing one item grants one or two to three additional identical products. So far, about 170 items have been listed on Oneplewon, and around 500 products are awaiting listing review.

To coexist with producers, the listing fees have been significantly reduced. Except for approximately 5% fees charged by card companies, payment processors, and banks, no separate sales commission or listing fees will be charged. However, if sales double after listing, it will be considered self-sufficient, and transaction fees will be gradually imposed. The transaction fees will be set not to exceed 14%.

Kim Ryeo-heun, CEO of Newryeo, said, "We designed Oneplewon realizing the need for a distribution platform that expands sales and distribution opportunities for small and medium-sized enterprises and provides consumers with high-quality products at prices cheaper than the market." He added, "By significantly improving the core commission system of the sales platform, we will offer consumers reasonable purchase prices."

Oneplewon can be used by downloading the Oneplewon app from the Play Store or App Store and signing up as a member.

This content was produced with the assistance of AI translation services.