• Transactions of online, mobile shopping reaches US$ 9 bil. in Oct.
    Articles,  Blog

    Transactions of online, mobile shopping reaches US$ 9 bil. in Oct.

    The amount of online and mobile shopping transactions hit record highs in October surpassing the nine-billion U.S. dollar mark for the first time. A trend driven mainly by the development of digital payment systems… and more working days compared to the same period last year. Kim Ji-yeon breaks down the digits for us. Data released by Statistics Korea on Wednesday show the amount of online and mobile shopping transactions increased by 36-percent on year in October to register more than nine-billion U.S. dollars. Purchases in food and beverages rose the most by nearly 50-percent,… followed by cosmetics, winter apparel, electronics, and home appliances. The statistics agency attributed the surge of…

  • Total value of online shopping in March hits record-high
    Articles,  Blog

    Total value of online shopping in March hits record-high

    The total value of online shopping in Korea has hit an all-time high, mainly on increased sales of electronics and home appliances, as well as food and beverages. Our Seo Eun-kyung has the details. The total value of online shopping in South Korea edged up to a new record high in March, reflecting the growing trend of people choosing to buy online. According to data released by Statistics Korea for March, South Koreans bought goods worth about 9-point-6 billion U.S dollars. That’s up 18-point-6 percent on-year and renews the all-time record high previously set in December. It was mainly driven by the rising demand for electronics and home appliances… According…

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

    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…