Business

S. Korea posts record online shopping quarterly figures

Amid resurgent Covid-19, e-commerce transactions up over 25% from April to June

Updated 5 years ago · Published on 04 Aug 2021 8:30PM

S. Korea posts record online shopping quarterly figures
South Korea saw double-digit expansion for online shopping in the three months up to June on continued coronavirus concerns. – Pixabay pic, August 4, 2021

SEOUL – South Korea’s online shopping recorded double-digit growth in the second quarter, as people remained cautious about going out to shop amid the prolonged Covid-19 pandemic, data showed today.

Shopping in cyberspace amounted to 46.89 trillion won (RM170 billion) in the April-June quarter, up 25.1% from a year earlier, according to data from Statistics Korea.

It marked the highest quarterly increase since data began to be compiled in 2001. Online shopping spiked 22.0% in the January-March quarter, reported Xinhua.

The double-digit expansion came as the continued pandemic discouraged people from leaving their homes.

Demand for food delivery services also advanced 58.7%, with the online purchase for food and beverage surging 34.4% in the second quarter.

Online demand for travel and transport, as well as culture and leisure services went up 43.4% and 61.3% each.

Meanwhile, shopping through smartphones reached 33.3 trillion won during the quarter, up 32.4% from a year earlier. – Bernama, August 4, 2021

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