• E-commerce transactions make up more than 20% of total retail sales for first time
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    E-commerce transactions make up more than 20% of total retail sales for first time

    The latest government data shows online goods sales made up more than 20-percent of the total retail sales in November last year. Statistics Korea says this is the highest proportion of online sales since related figures were first compiled in 2001. Ko Roon-hee help us look beyond the numbers. Online shopping keeps growing and growing. According to Statistics Korea on Wednesday, e-commerce goods sales made up 20-point-5 percent of the total retail sales in South Korea in November. The data does not include online transactions for services. Statistics Korea said the increasing popularity and development of mobile payment platforms…such as Kakaopay is behind the trend, along with cheaper prices, and…