Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Exports to US reach all-time high, widen gap with China

    Exports to US reach all-time high, widen gap with China
  2. 2

    Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'

    Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
  3. 3

    [Music in drama] Rekindle a love that slipped through your fingers

    [Music in drama] Rekindle a love that slipped through your fingers
  4. 4

    S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister

    S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
  5. 5

    [New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea

    [New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
  1. 6

    Opposition-led Assembly unilaterally passes bill to probe Marine's death

    Opposition-led Assembly unilaterally passes bill to probe Marine's death
  2. 7

    Seoul Metro to seek legal action against malicious complaints

    Seoul Metro to seek legal action against malicious complaints
  3. 8

    Illit, mired in controversy, remains on Billboard charts for 5th week

    Illit, mired in controversy, remains on Billboard charts for 5th week
  4. 9

    On May Day, labor unions blast Yoon's foreign nanny proposal

    On May Day, labor unions blast Yoon's foreign nanny proposal
  5. 10

    [KH Explains] Will alternative trading platform shake up Korean stock market?

    [KH Explains] Will alternative trading platform shake up Korean stock market?
소아쌤

Online shopping volume breaks record 50 tln won mark in 2013

By 정주원

Published : Jan. 2, 2014 - 14:43

    • Link copied

Online shopping volume in South Korea recorded 55 trillion won ($52.1 billion) last year, far surpassing the unprecedented 50 trillion won mark, thanks to the rising popularity of mobile shopping, industry data showed.

According to the data, online shopping transactions reached 55 trillion won last year, up 14.6 percent from 48 trillion won the previous year. Such transactions had risen to 34 trillion won in 2010 from 27 trillion won in 2007.

Industry watchers say online shopping may well reach 65 trillion this year as such shopping means become more and more commonplace, especially with mobile shopping leading the growth.

The percentage of mobile shopping in overall online shopping is forecast to rise to 15 percent this year from 1 percent in 2011. The portion of Internet shopping, in contrast, is expected to fall from 80 percent to 69 percent this year, with that of TV home shopping falling one percentage point from 16 percent.

The market share of operators of daily online discount deals, like Ticket Monster Inc., is predicted to rise to 8.2 percent this year from 6.3 percent in 2011. (Yonhap News)

More from Headlines