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Biz News Korea(Eng)
Korea’s online shopping jump 23% on year hit a record high in Feb
- Collected
- 2017.04.06
- Distributed
- 2017.04.07
- Source
- Go Direct
According to data released by Statistics Korea, online transactions recorded 5.86 trillion won ($5.21 billion) in February, up 22.9 percent from a year earlier, whereas total retail purchases gained a mere 2.9 percent to 30.1 trillion won.
Online share reached all-time high of 19.4% against retail sales.
Online shopping that took up 7.8 percent in retail sales seven years ago rapidly expanded upon easier online pay through smartphones. Mobile transactions accounted for 58 percent of online purchases, growing 37.8 percent on year to 3.4 trillion won worth.
Online purchase of cosmetics jumped 47.2 percent on year, and clothes and accessories 46.7 percent.
Travel and lodging bookings took up the largest 16.5 percent of total online transactions, followed by household and automobile goods (10.6 percent), home appliances, electronics and communication device (10.4 percent) and food and beverages (10.4 percent).
Cosmetics (71 percent), children`s and baby products (70.9 percent), food and beverages (70 percent) and shoes (69 percent) were favored on mobile device.
By Kim Gyu-sik
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]