South Korea is Forecasted to Maintain Its Position as Asia’s Leader in Online Share of Retail Sales

“South Korea B2C E-Commerce Sales Forecasts: 2015 to 2018”, a new report by a leading secondary market research firm explores the perspectives of this major B2C E-Commerce market over the next few years. Among the predictions is that South Korea will continue to dominate in the Asia-Pacific region in terms of B2C E-Commerce share of total retail sales.

Hamburg, Germany, July 31, 2015 –(– South Korea is one of the most attractive B2C E-Commerce markets worldwide, ranking in the top 10 by B2C E-Commerce sales globally and third in its region, after China and Japan. It is also one of the world’s leaders in mobile commerce, with one third of smartphone users making purchases on their devices at least once a week, as of last year. With triple-digit growth rates, M-Commerce’s share of online retail sales amounted to one third in 2014.

Overall B2C E-Commerce in South Korea is predicted to grow at lower rates than M-Commerce, but still ahead of below the 5% annual growth rate forecasted for total retail in the country in the next few years. Selected major primary sources concur on the average annual rate of around 10%. Due to the high discrepancy in growth rates of total and online retail, the share of the latter is predicted to grow still further, already being the highest of the Asia’s top 3.

Among the companies prospering South Korea’s online shopping boom are merchants such as SK Planet, CJ O Shopping and GS Home Shopping. Also eBay retains a significant share of the online retail market and other foreign-based E-Commerce merchants benefit from the cross-border trend, with the number of orders from overseas increasing over the past few years.

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Founded in 2005 and headquartered in Hamburg, Germany, is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
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Yücel Yelken
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