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yStats.com GmbH & Co. KG

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M-Commerce Propels Continued Growth of Online Retail in South Korea Says yStats.com Report


A new report out of Germany-based secondary market research firm yStats.com, “South Korea B2C E-Commerce Market 2018” points to mobile phone penetration and smartphone shopping as drivers of the continued expansion of South Korea’s already advanced online retail market. Recent rapid gains in the food and beverage sector also drive digital sales growth.

Hamburg, Germany, May 16, 2018 --(PR.com)-- Already a regional and world leader in B2C E-Commerce, with over 20% of total retail sales attributed to online purchases last year, further growth is projected for South Korea. According to sources cited in the yStats.com report, mobile commerce will propel that continued growth, as most South Korean online shoppers already make over half their purchases through smartphone. An even greater portion of online sales of food and beverage are through mobile device.

Credit card remains the leader of E-Commerce payments in South Korea. Nevertheless, the yStats.com report indicates that mobile payment services such as Samsung Pay, Naver Pay and Kakao Pay are growing in acceptance.

As to the E-Commerce merchants in South Korea, eBay Korea is the market leader, whiles its competitors, 11Street, Naver, and brick and mortar based Lotte also rank high on the list of online sales volume pacesetters cited in the new yStats.com publication.

For further information, see: https://www.ystats.com/wp-content/uploads/2018/05/2018.05.07_Product-Brochure-Order-Form_South-Korea-B2C-E-Commerce-Market-2018.pdf

Press Contact:
yStats.com GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
Fax: +49 (0)40 - 39 90 68 51
E-Mail: press@ystats.com

About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
Contact Information
yStats.com GmbH & Co. KG
Yücel Yelken
+49 (0)40 39 90 68 50
Contact
www.ystats.com

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