"0% Sales Commission" LotteON Launches Promotion for New Seller Sign-ups

0% Sales Commission, 300,000 KRW Advertising Support Provided
Benefits Including 50% Support on Coupon Discount Amount
Top 3 New Seller Products Exposed Daily at the Top of the Time Deal Event Hall
'Store Center' Product Registration and Management System to be Improved Within the First Half of the Year

[Asia Economy Reporter Kim Yuri] Lotte ON announced on the 2nd that it will offer unprecedented benefits, including 0% sales commission, to new sellers joining by July 31 to secure excellent sellers. Through this promotion, Lotte ON aims to attract more than 3,000 new sellers every month. At the same time, it expects new sellers to increase product awareness and boost sales to grow together with Lotte ON.

During the promotion period, Lotte ON will waive sales commissions for new sellers for three months from the date of joining. It will also provide 300,000 KRW in advertising funds called 'Seller Money' usable on Lotte ON. For sellers advertising for the first time, eight official agencies partnered with Lotte ON will offer assistance. When a seller issues a 10% discount coupon, Lotte ON will support 50% of the coupon discount amount.

Sellers will also have the opportunity to participate in the Time Deal event, where daily sales of 100 million KRW can be achieved. Sellers can apply by setting product configurations and prices, and Lotte ON will select competitive new seller products to expose three items daily.

At the end of each month, based on performance over the past 90 days, excellent sellers will be selected and awarded up to 2 million KRW in additional Seller Money. Outstanding seller products will be specially managed to be prominently exposed on the main page and throughout Lotte ON.

Meanwhile, Lotte ON plans to improve its system within the first half of the year to enhance seller convenience and satisfaction. Lotte ON stated, "We are improving the Store Center used by sellers by reflecting their feedback," adding, "We plan to simplify the product registration process and add various features such as freely entering sales options."

Kim Donggeun, Head of Lotte ON Seller Support Team, said, "Lotte ON has prepared benefits such as sales commission exemption, advertising support funds, and coupon support funds to create an environment where more sellers can join, sell products, and grow." He added, "We aim to attract more than 3,000 sellers every month during the event period and will strive to establish various systems and benefits to help them grow further."