Updated: 01/06/2023
According to source, E-commerce revenue in South Korea is estimated at $124 Billion by 2023 and increasing with a growth rate of more than 4%.
With a population of more than 51 Million people, South Korea has an internet penetration rate of 98% which plays a vital role in the development of E-commerce industry in South Korea.
Auction and Coupang are the biggest E-commerce players in South Korea at the present moment.
Online selling platforms & marketplaces in South Korea are also playing a vital role in the overall development of E-commerce industry across the country.
Top selling products in South Korea
- Electronic gadgets & accessories
- Beauty items
- Toys
- Tea
- Skin & Hair care
- Packaged food
- Apparels
- Kitchenware
- Ginseng
- Kids items
- Grocery