Online shopping in South Korea up nearly 16% in December 2021

Transactions stood at KRW18.41t, Statistics Korea reported.

Online shopping in South Korea climbed by 15.8% to KRW18.405t in December 2021, compared to the same month in 2020.

Of this, KRW13.607t were from mobile shopping transactions, up 22.9% year-on-year, according to Statistics Korea.

This accounted for 73.9% of the total online shopping transaction value.

These also reflected a 5.3% and 8.9% increase in online shopping and mobile shopping, respectively, from November 2021.

Across all commodities, cosmetics saw the year-on-year (YoY) decline of 12.1% to KRW9.44t in December from 10.747t in the previous year.

Its December 2021 performance also dropped 12.2% month-on-month from KRW10.756t in November.

Meanwhile, travel arrangement and transportation posted a YoY increase of113.6% to KRW10.135t in December 2021 from only KRW4.744t, previously. This also dropped by 0.8% when compared to November 2021.

Other commodities that also registered a positive growth include clothing, and home electric appliances, electronic, and telecommunication equipment. These increased by 22.6% YoY and 14.3% YoY, respectively.

KRW1 = USD0.00083