Online shopping up 16% in August on holiday, Chuseok

This file photo taken on September 2, 2020 shows workers at a department store in Seoul delivering groceries.  (Yonhap)

This file photo taken on September 2, 2020 shows workers at a department store in Seoul delivering groceries. (Yonhap)

SEOUL, Oct 4 (Korea Bizwire)Online shopping in South Korea rose 16% year-on-year in August due to growing travel demand during the holiday season amid easing COVID-19 restrictions and increased shopping for groceries for preparations for the Chuseok holiday, according to data released Tuesday.

The value of online shopping transactions stood at 17.72 trillion won ($12.36 billion) in August, up from 15.28 trillion won a year earlier, according to data from Statistics Korea.

This is the second highest monthly figure since 2017, when the agency adopted the current data compilation system. The record figure was reached in December last year, when the value stood at 17.81 trillion won.

Per item, online food and beverage purchases rose 27.3 percent year-on-year to 2.67 trillion won, also a record high, as more people used online platforms to shop. prepare for Chuseok, or the celebration of autumn harvests in Korea.

This year’s Chuseok fell on September 10.

Online purchases of travel and transportation services more than doubled year-on-year to 1.87 trillion won in August, hitting an all-time high monthly.

The growth came as the easing of viruses prompted people to engage in more outdoor activities, particularly during the summer holiday season.

Online transactions for apparel, sportswear and other fashion items all rose in August amid easing viruses, the data showed.

But those food delivery services fell 7.7 percent year-on-year to 2.23 trillion won in August as more chose to dine out amid increased outdoor activities, the agency said. agency.

Purchases made through smartphones, tablets and other mobile devices rose 17.8 percent year-on-year to 3.23 trillion won. Mobile purchases accounted for 74.7% of the total value of online purchases, up 1.2 percentage points year on year, the data showed.

(Yonhap)


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