Retail e-commerce sales in South Korea from 2016 to 2022 (in million U.S. dollars)

South Korea: retail e-commerce sales 2016-2022 This statistic gives information on retail e-commerce sales in South Korea from 2016 to 2022. In 2017, retail e-commerce sales amounted to 40.68 billion U.S. dollars and are projected to grow to 57 billion U.S. dollars in 2021. In 2016, Lotte.com was the second-ranked online store in South Korea with 855 million U.S. dollars in net e-commerce sales during that year. Other popular online stores were Coupang, Emart and Gmarket. E-commerce in South Korea seems to never slow down - in 2016, the year-on-year growth of online shopping sales was 20.5 percent, compared to a 19.1 percent growth in the previous year.
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Sales in million U.S. dollars
2016 36,049
201740,682
2018* 45,345
2019* 49,736
2020* 53,652
2021*57,003
2022*59,789
Sales in million U.S. dollars
2016 36,049
201740,682
2018* 45,345
2019* 49,736
2020* 53,652
2021*57,003
2022*59,789
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Description Source More information
This statistic gives information on retail e-commerce sales in South Korea from 2016 to 2022. In 2017, retail e-commerce sales amounted to 40.68 billion U.S. dollars and are projected to grow to 57 billion U.S. dollars in 2021. In 2016, Lotte.com was the second-ranked online store in South Korea with 855 million U.S. dollars in net e-commerce sales during that year. Other popular online stores were Coupang, Emart and Gmarket. E-commerce in South Korea seems to never slow down - in 2016, the year-on-year growth of online shopping sales was 20.5 percent, compared to a 19.1 percent growth in the previous year.
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Release date
October 2017
Region
South Korea
Survey time period
2016 to 2017
Supplementary notes
*Forecast
The e-Commerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). Incorporated in this definition are purchases via desktop computer (including notebooks and laptops) as well as purchases via mobile devices such as smartphones and tablets. The following are not included in the e-Commerce market: digitally distributed services (see instead: eServices), digital media downloads or streams, digitally distributed goods in B2B markets nor digital purchase or resale of used, defective or repaired goods (re-Commerce and C2C). All monetary figures refer to the annual gross revenue and do not factor in shipping costs and returns.

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