S.Korean online shopping hits $14.2B in May

S.Korean online shopping hits $14.2B in May

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  • Shopping in cyberspace amounted to about US$14.2 billion in May, up 26% from a year earlier
  • Food delivery services in cyberspace surged 62.2%, and the online purchase of food and beverage jumped 38.1% year-on-year
  • Mobile shopping through smartphones was up 31.6% from the same month of last year and accounted for 71.2% of the total online shopping.

South Korea’s online shopping hit a new record high in May as people still refrained from outside activity amid the continued COVID-19 pandemic, statistical office data showed.

Shopping in cyberspace amounted to KRW16.06 trillion (US$14.2 billion) in May, up 26% from a year earlier, reported Xinhua News, citing figures from Statistics Korea.

It surpassed KRW16 trillion for the first time as people preferred to cook at home and eat delivery food amid the ongoing pandemic.

Food delivery services in cyberspace surged 62.2% over the year to KRW2.1 trillion in May, and the online purchase of food and beverage jumped 38.1% to KRW2 trillion.

The online purchase of electronic and communication devices advanced 19.7% in the cited month, and those for clothing and daily necessities gained 2.4% and 13.3%, respectively.

Shopping for farm goods, culture and leisure services, and travel and transport services in cyberspace increased in double digits, and online shopping for auto accessories almost tripled in the month.

Mobile shopping through smartphones came in at KRW11.4 trillion in May, up 31.6% from the same month of last year. It accounted for 71.2% of the total online shopping.

Photo by Firmbee.com on Unsplash

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