Online shopping boom in S. Korea

Online shopping boom in S. Korea


South Koreans are shopping more online than
ever, using their computers and phones. In the second quarter this year, online sales
were up by double digits, and now most of it is done using mobile devices. Yoon Jung-min reports. A growing number of people in South Korea
are using e-commerce, including on-line and mobile shopping. “I usually search for cosmetics and clothes
with my phone. Shopping with mobile phones is convenient
because I can compare prices straight away.” “I can buy clothes and other things easily
with my phone. I don’t have to go around lots of stores and
the goods are delivered right to my door.” According to Statistics Korea, online transactions
in the second quarter of this year amounted to some 27-billion U.S. dollars,… up 18
percent from the previous year. And mobile shopping made up nearly 64 percent
of all on-line transactions. The data shows that sales for food and home
appliances increased from April to June,… driven by people who prefer to stay home. Fashion items and cosmetics were also popular. “The total revenue for online shopping is
expected to reach more than 110-billion U.S. dollars this year. The market is growing 20 percent every year. That’s because of higher smartphone usage,
which is around 95 percent, and good internet infrastructure.” The data also shows that more people traded
with foreign buyers or sellers in the second quarter. People in South Korea sold goods online worth
more than 1-billion dollars to overseas buyers,…and also bought more than 730-million dollars
of products from overseas traders. Major traders were based in the U.S., the
EU, China and Japan,… and various goods ranging from clothing to cosmetics were bought
and sold. “With a growing number of people shopping
on-line, e-commerce is already a large part of Koreans’ everyday lives. Yoon Jung-min, Arirang News.”

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