Press release
South Korea E-Commerce Market is Booming with a CAGR of 19.40% by 2032
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ๐๐๐ฌ๐ ๐๐๐๐ซ: 2023
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐๐๐ซ๐ฌ: 2018-2023
๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐ซ๐ฌ: 2024-2032
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ญ๐: ๐๐.๐๐% (๐๐๐๐-๐๐๐๐)
The South Korea e-commerce market is growing due to digitalization, changing consumer behavior and improvements in the logistics system. According to IMARC Group, the market sizeย is projected to exhibit a growth rate (๐๐๐๐) ๐จ๐ ๐๐.๐๐% duringโฏ2024-2032.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/south-korea-e-commerce-market/requestsample
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
The South Korea e-commerce market is growing due to digitalization, changing consumer behavior and improve in the logistics system. Online shopping has become popular in South Korea due to the high internet penetration rate and technologically advanced consumers. Mobile commerce is most common as most people prefer to shop through their mobile phones due to the convenience of the app, security in payment, and recommendation of products by artificial intelligence. The social commerce sector is also on the rise, and social networks and livestreaming have become the main drivers of purchase decisions. Furthermore, large e-commerce companies like Coupang, Naver Shopping, and Gmarket are improving by applying AI technologies, same-day delivery, and membership programs to improve the customer journey. Other factors that are driving growth include the growing popularity of subscription models for food, beauty products, and household needs, as well as the growing popularity of cross-border e-commerce, which allows Korean consumers to choose from a wider range of products, while Korean sellers are expanding their market reach, especially in the beauty, fashion, and electronics industries.
Another growing trend in the South Korea e-commerce market is sustainability and eco-friendly shopping. As people become more environmentally conscious, e-commerce companies are also responding by reducing carbon emissions in delivery services, promoting second-hand and refurbished product sales, and using sustainable packaging. Electric delivery vehicles and smart warehouses powered by renewable energy are also becoming integral to green logistics. Moreover, the rise of quick commerce, or Q-commerce, is revolutionizing the industry by offering instant delivery within hours, addressing the consumer need for instant gratification especially in metropolitan areas. The integration of technologies such as secure transactions via blockchain and virtual try-ons using AR is also improving the online shopping experience. Furthermore, the use of personalized AI-driven recommendations and chatbot-assisted customer support is increasing the level of service, which makes online shopping easier and more effective. Due to these innovations and changing consumer behavior, South Korea's e-commerce market is set to maintain its growth and become one of the most mature digital commerce markets in the world.
๐๐ฎ๐ฒ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/checkout?id=19834&method=1262
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ก๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ญ๐๐ ๐จ๐ซ๐ข๐๐ฌ:
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ B2C E-commerce
โ Beauty and Personal Care
โ Consumer Electronics
โ Fashion and Apparel
โ Food and Beverage
โ Furniture and Home
โ Others
โ B2B E-commerce
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ Seoul Capital Area
โ Yeongnam (Southeastern Region)
โ Honam (Southwestern Region)
โ Hoseo (Central Region)
โ Others
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=19834&flag=C
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
โ Amazon.com Inc.
โ Coupang Corp.
โ EMart Inc.
โ Interpark Holdings
โ Naver Corp
๐๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ (๐๐๐๐-๐๐๐๐)
โ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐๐-๐๐๐๐)
โ COVID-19 Impact on the Market
โ Porter's Five Forces Analysis
โ Strategic Recommendations
โ Historical, Current, and Future Market Trends
โ Market Drivers and Success Factors
โ SWOT Analysis
โ Structure of the Market
โ Value Chain Analysis
โ Comprehensive Mapping of the Competitive Landscape
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ง๐๐๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐๐๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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