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Online shopping hits record high in December

All News 12:00 February 05, 2020

SEJONG, Feb. 5 (Yonhap) -- The total value of online shopping in South Korea reached a record high in December, government data showed Wednesday, in the latest sign that a growing number of South Koreans are using computers and mobile devices to shop.

Total online transactions reached 12.5 trillion won (US$10.5 billion) in the month, up 17.6 percent from a year earlier, according to the data compiled by Statistics Korea.

The reading was the highest since January 2001, when the statistics office started collecting data on online shopping.

In December, sales of electronic goods and computers rose 9.7 percent on-year to 1.2 trillion won and demand for clothes gained 11.6 percent to 1.4 trillion won.

Purchases made through smartphones, tablets and other mobile gadgets soared 22.7 percent on-year to a record 8.2 trillion won, accounting for 65.6 percent of all online sales in December.

South Korea is one of the most wired countries in the world, with one of the highest smartphone penetration rates.

For all of 2019, the total value of online shopping in South Korea rose 18.3 percent on-year to 134.5 trillion won, according to the data.

Online shopping hits record high in December - 1

kdh@yna.co.kr
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