Online purchases continued to increase in November

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Online purchases continued to increase in November

Published: 02 Jan. 2018, 20:08

Purchases made through internet and mobile devices in Korea continued to rise in November as use of smartphones has fully caught on with local consumers, government data showed Tuesday.

Transactions made with smartphones and tablets reached 7.55 trillion won ($7.06 billion) in the one-month period, up a solid 21.7 percent from a year earlier, according to data from Statistics Korea.

In particular, the total amount of mobile transactions, valued at 4.73 trillion won, accounted for 62.7 percent of all online purchases.

The November tally also marks a whopping 33.7 percent rise.

Mobile purchases in South Korea have been on a steep rise for years as smart devices are rapidly replacing computers as the means of conducting online transactions. Yonhap