According to Statistics Korea on Thursday, online shopping sales in April grew 11.9 percent year-on-year to 16.4 trillion won ($13 billion). On month, the total declined 4.5 percent.
Online shopping sales in Korea rose 11.5 percent in January from a year earlier, with the proportion of transactions via mobile devices reaching a record high, amid the prolonged Covid-19 pandemic, data showed Thursday.
According to Statistics Korea Thursday, online purchases totaled 192.9 trillion won ($160 billion) in 2021, up 21 percent from the year before. Purchase on mobile devices broke a record too at 138.2 trillion won, up 27.6 percent.
Naver Shopping is a leading player in Korea's cutthroat e-commerce market, outperforming strong competitors like Coupang and eBay Korea. It now wants to take that success overseas, namely to Japan, Southeast Asia and Europe.
CJ Logistics announced Sunday plans to invest 2.5 trillion won ($2.3 billion) by 2023 to transform into an “innovative technology company.”
Coupang Inc., the New York-listed parent of Korea’s Coupang Corp., lost $324 million in the third quarter, up from the $173 million in the same quarter in 2020.
Online shopping boomed and hit a record last quarter, helped along by social-distancing guidelines. That's the highest total since the number was first compiled in 2001.
SSG.com, Shinsegae Group’s online shopping app, will sell its products through Naver’s online grocery market.
Online shopping in Korea grew 16.8 percent from a year earlier on solid demand for food delivery services and foodstuffs amid the protracted pandemic, data showed Tuesday.
More online fashion companies are targeting consumers in their 40s and 50s, as people in this age group are shopping online more due to the pandemic.