Go to Contents Go to Navigation

Online shopping purchases continue to rise in May

All News 12:00 July 04, 2018

SEJONG, July 4 (Yonhap) -- Purchases made using the Internet and mobile devices in South Korea continued to show solid growth in May, government data showed Wednesday, demonstrating the popularity of smartphones, fast delivery and convenient payment options with local shoppers.

The total value of transactions made with computers, smartphones and tablets reached 9.05 trillion won (US$8.1 billion) in May, up 1.67 trillion won, or 22.7 percent, from a year earlier, according to the data from Statistics Korea.

The sharp rise was attributed to increased demand for electronics, cosmetics, daily necessities and food, the agency said.

The total value of mobile transactions soared 33.8 percent to 5.63 trillion won, accounting for a record 62.2 percent of all online purchases in May.

Mobile purchases in South Korea have been on a steep rise for years as smart devices expand their presence in the world's most wired country and rapidly replace computers as the means of conducting online transactions.

Online shopping purchases continue to rise in May - 1


Send Feedback
How can we improve?
Thanks for your feedback!