Forecast: Production in Retail Sale Via Mail Order Houses or Via Internet by Size Class in South Korea

The value of retail sales via mail order houses or the internet in South Korea experienced fluctuations from 2013 to 2023. After a notable drop in 2014 (-37.24%), the market rebounded with a significant increase in 2018 (+185.1%). By 2023, it stood at 5.0704 trillion South Korean Wons, reflecting a 5.42% year-on-year increase. The five-year CAGR from 2018 to 2023 was 3.37%, showing steady growth despite slight variations.

Future trends to watch for include:

  • An expected growth rate of 18% over the next five years.

  • Advancements in e-commerce technologies and logistics efficiencies contributing to market expansion.

  • Changes in consumer behavior towards more online shopping driven by convenience and product variety.

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