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

The retail sale via mail order houses or the internet in South Korea has seen a substantial increase from 506 establishments in 2013 to 1060 establishments in 2023. This represents a year-on-year variation of 3.32% from 2022. The industry experienced fluctuations in its trajectory, notably during 2019 with a slight decline, before continuing its upward trend. The five-year CAGR from 2016 to 2021 was relatively strong, peaking at 10.57% in 2020 and stabilizing to 2.42% in 2023. For the forecasted period from 2024 to 2028, the industry is expected to grow at a moderate pace with a CAGR of 2.17%, amounting to an 11.31% growth over five years.

Future trends to watch for include:

  • Increased digitalization and technological advancements, which could spur further growth in online retailing.
  • Changes in consumer behavior, particularly with a growing preference for e-commerce.
  • Potential regulatory changes impacting both domestic and international e-commerce operations.
  • Enhanced logistics and delivery infrastructure improving service efficiency and customer satisfaction.

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