SME Times is powered by   
Search News
Just in:   • Centre’s fiscal deficit in April-November at 62.3 pc of full year estimate, govt capex goes up  • India poised to step up trade talks with Israel, Russia in next two months  • FIEO hails Govt's market access support intervention to boost exports  • Auto PLI scheme sees Rs 35,657 crore investment, incentives worth Rs 2,322 crore disbursed  • ONDC democratised e-commerce and empowered small sellers: Piyush Goyal 
Last updated: 01 Nov, 2024  

online-shopping Online shopping up in S. Korea in Sept over strong food delivery demand

online-shopping
   Top Stories
» India poised to step up trade talks with Israel, Russia in next two months
» Auto PLI scheme sees Rs 35,657 crore investment, incentives worth Rs 2,322 crore disbursed
» ONDC democratised e-commerce and empowered small sellers: Piyush Goyal
» India’s 2025 economic reforms lay foundation for inclusive growth
» Trade pact with Australia anchors India’s economic engagement in Indo-Pacific: Piyush Goyal
Staff Reporter | 01 Nov, 2024

Online shopping sales in South Korea grew 2 per cent year on-year in September, driven by increased demand for food delivery services and mobile devices, the statistics agency said Friday.

According to data from Statistics Korea, the combined value of online shopping transactions came to 19.56 trillion won ($14.21 billion) in September, compared with 19.18 trillion won tallied a year earlier, Yonhap news agency reported.

Spending on food and beverages surged 10.5 per cent on-year to reach 3.02 trillion won, and sales for food delivery services also advanced 17.3 per cent to 2.51 trillion won.

Purchases of mobile devices saw an increase of 94.9 per cent, reaching 738.5 billion won.

Everyday items' sales on online platforms rose 7.9 per cent to 1.51 trillion won.

Online shopping for e-coupon services, on the other hand, plunged 48.8 per cent on-year to 502.7 billion won, following payment delays by TMON and WeMakePrice.

The two e-commerce platforms, owned by Singapore-based company Qoo10, filed for court receivership in July after failing to make payments to vendors and issue refunds to customers due to liquidity issues stemming from aggressive merger deals by their owner.

Purchases made through smartphones, tablets, and other mobile devices climbed 7.7 per cent on-year to 14.92 trillion won.

Mobile-based shopping accounted for 76.3 per cent of total online sales in September, up by 4.1 percentage points from a year earlier, the data showed.

Meanwhile, retail sales in South Korea also surged 8.2 per cent in September from a year earlier, as consumers turned to "revenge shopping" amid the prolonged virus pandemic.

The combined sales of 25 major offline and online retailers reached 13.2 trillion won ($11.26 billion) last month, compared with 11.9 trillion won a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy, Yonhap reported

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.25
₹89.55
UK Pound
₹122.85
₹118.85
Euro
₹107.95
₹104.3
Japanese Yen ₹59 ₹57.1
As on 29 Dec, 2025
  Daily Poll
What is your biggest hurdle to scaling right now?
 Cash flow issues
 Material costs
 Finding leads
 Adopting AI
 Hiring Talent
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter