Press Release: South Korea B2C E-Commerce Sales Forecast: 2015 to 2018
“South Korea B2C E-Commerce Sales Forecasts: 2015 to 2018”, a new report by a leading secondary market research firm yStats.com explores the perspectives of this major B2C E-Commerce market over the next few years. Among the predictions is that South Korea will continue to dominate in the Asia-Pacific region in terms of B2C E-Commerce share of total retail sales. Read more here: https://www.ystats.com/south-korea-is-forecasted-to-maintain-its-position-as-asias-leader-in-online-share-of-retail-sales/ Find the report here: https://www.ystats.com/product/south-korea-b2c-e-commerce-sales-forecast-2015-to-2018/
Published on: Mar 4, 2016
Transcripts - Press Release: South Korea B2C E-Commerce Sales Forecast: 2015 to 2018
Hamburg, July 29th
South Korea is Forecasted to Maintain Its Position as Asia’s Leader in Online Share of Retail Sales
“South Korea B2C E-Commerce Sales Forecasts: 2015 to 2018”, a new report by a leading secondary market research firm
yStats.com explores the perspectives of this major B2C E-Commerce market over the next few years. Among the predictions is
that South Korea will continue to dominate in the Asia-Pacific region in terms of B2C E-Commerce share of total retail sales.
South Korea is one of the most attractive B2C E-Commerce markets worldwide, ranking in the top 10 by B2C E-Commerce
sales globally and third in its region, after China and Japan. It is also one of the world’s leaders in mobile commerce, with one third of
smartphone users making purchases on their devices at least once a week, as of last year. With triple-digit growth rates, M-Commerce’s
share of online retail sales amounted to one third in 2014.
Overall B2C E-Commerce in South Korea is predicted to grow at lower rates than M-Commerce, but still ahead of below the 5%
annual growth rate forecasted for total retail in the country in the next few years. Selected major primary sources concur on the average
annual rate of around 10%. Due to high discrepancy in growth rates of total and online retail, the share of the latter is predicted to grow
still further, already being the highest of the Asia’s top 3.
Among the companies prospering South Korea’s online shopping boom are merchants such as SK Planet, CJ O Shopping and
GS Home Shopping. Also eBay retains a significant share of the online retail market and other foreign-based E-Commerce merchants
benefit from the cross-border trend, with the number of orders from overseas increasing over the past few years.
For further information, see:
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
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
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.