E-Commerce in South Korea

With 72.5% of the Population have purchased online for the past year and and 64.9% have purchased last week over e-commerce in South Korea.  

South Korea - Financial Maturity

72.5% of the consumer has purchased online

In South Korea, there are about 63.7% of population that actively use credit card and about 75.3% that use debit card.  While 72.5% of the general consumers in , There is only 67.1% of them uses online banking.

% Have an account with a financial institution

% Have a credit card

% Have a debit card

% Have a mobile money account

% Make or receive digital payments

% Make or purchase online

% Use online banking

% Use internet to pay bill

South Korea - E-Commerce Activity Overview

How are customers here in South Korea leverage E-Commerce on a weekly basis

% of people purchase a product or service online each week

% of people ordered groceries via an online store each week

% of people buy second hand item online each week

% of people use online price comparison service each week

% of people use a buy now pay later service each week

South Korea - Demographic

How are e-commerce consumers demographic distributed in South Korea

Data is updated in March, 2022. Survey is from 2021.

South Korea - E-Commerce Drivers

For customers in South Korea, what factors would most encourage them to complete an online purchase?

Data is updated in March, 2022. Survey is from 2021.

South Korea - E-Commerce in Consumer Goods

E-Commerce Consumer Goods Spend Distribution in South Korea

In , there are about 38.20 million number of people purchasing consumer goods via the internet.  The total market is worth 114.4 billion USD, with average annual revenue per customer about 2995 USD.

Also, there are around 65.5% of those customers purchasing consumer goods on e-commerce store with their mobile phone

Electronics: 24,300,000,000 USD
Fashion: 36,010,000,000 USD
Furniture: 9,160,000,000 USD
Toys & Hobbies: 9,710,000,000 USD
Personal & Household Care: 16,290,000,000 USD
Food: 6,980,000,000 USD
Beverage: 7,040,000,000 USD
Physical Media: 4,930,000,000 USD

South Korea - E-Commerce in Travel

E-Commerce Travel Spend Distribution

Data is updated in March, 2022. Data is from 2021.

Flights: 3,360,000,000 USD
Car Rental: 749,200,000 USD
Train: 266,000,000 USD
Long Distance Bus: 167,400,000 USD
Hotel: 4,240,000,000 USD
Packaged Holiday: 2,049,999,999 USD
Vacation Rental: 449,800,000 USD
Cruise: 2,000,000 USD

South Korea - Food Delivery

Annual Spend on E-Commerce Digital Media Download & Subscription

Data is updated in March, 2022. Data is from 2021.

Total Spend: 9,060,000,000 USD
Video Games: 6,280,000,000 USD
Video on Demand: 973,600,000 USD
E-Publishing: 975,400,000 USD
Digital Music: 831,300,000 USD

South Korea - Food Delivery

The Online Food Delivery Market in South Korea

In , there are about 16.57 million people that actively order food via online platforms, with year on year growth of the number of people at 13.8%.  The total market value is 6.23 billion USD with value per user at 376 USD.

YoY Change in The Number of People

YoY Change in The Value of Online Food Delivery Orders

Annual Food Delivery Order Per User

South Korea - Digital Payment

The Digital Payment Landscape in South Korea

In , there are about 38.30 million people that actively order food via online platforms, with year on year growth of the number of people at 3.6%.  The total transaction value is 151.0 billion USD with transaction per user at 3941 USD.

YoY Change in The Number of People

YoY Change in The Value of Online Food Delivery Orders

Annual Food Delivery Order Per User