Online spending hits 9.05 trillion won

Home > Business > Industry

print dictionary print

Online spending hits 9.05 trillion won

Purchases made using the internet and mobile devices in Korea continued to rise in August, government data showed on Thursday, demonstrating the popularity of smartphones and the fast delivery and convenient payment options offered to local shoppers.

The total value of transactions made with computers, smartphones and tablets reached a record 9.05 trillion won ($8.04 billion) in August, up 19.6 percent, or 1.48 trillion won, from a year earlier, according to data from Statistics Korea.

The increase was attributed to increased demand for electronics, leisure goods, daily necessities and food amid sweltering weather and the summer vacation season, the agency said.

The total value of mobile transactions soared 29.7 percent to a record 5.72 trillion won, accounting for a record 63.2 percent of all online purchases in August. Mobile purchases in Korea have been on a steep rise for years.


Yonhap

More in Industry

Work at home is not as easy as it sounds, ministry says

Flying visit

[NEWS IN FOCUS] Spotify is still almost here, and seems to be getting closer

Korea Inc. calls on Suga to relax border restrictions

House-bound consumers awaken a sleeping industry

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now