BUSINESS S.Korea's online shopping hits record high in October

BUSINESS

S.Korea's online shopping hits record high in October

Xinhua

19:22, December 03, 2019

SEOUL, Dec. 3 (Xinhua) -- South Korea's online shopping hit a record monthly high in October amid a rapid change into consumption using smartphones, statistical office data showed Tuesday.

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File photo: VCG

Shopping in the cyberspace gained 17.3 percent over the year to 11.8 trillion won (9.9 billion U.S. dollars) in October, according to Statistics Korea. It was the biggest since relevant data began to be compiled in 2001.

The double-digit growth came amid the rising number of consumers doing the shopping through smartphone apps.

Mobile shopping jumped 23.2 percent to 7.7 trillion won (6.5 billion U.S. dollars) in the month, marking the biggest since the data began to compiled in 2013.

Food delivery services in the cyberspace surged 80.6 percent in October from a year ago, with online purchases for food and beverage, cosmetics and electronic devices keeping an upward trend.

For the first 10 months of this year, online shopping amounted to 109.2 trillion won (92 billion U.S. dollars). In 2018, the online shopping topped the 100 trillion-won (84 billion U.S. dollars) mark in November.

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