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Online Shopping Volume Hits New High in September

Written: 2021-11-03 15:30:14Updated: 2021-11-03 15:34:49

Online Shopping Volume Hits New High in September

Photo : Getty Images Bank

Online shopping hit a record high in September while on-year growth has somewhat slowed.

According to Statistics Korea on Wednesday, transaction volume jumped 17 percent on-year to 16-point-two trillion won in September. Compared to the previous month, it marks a two-point-four percent rise.

On-year growth in online shopping has been in the 20-percent range from March to July before edging down to 16-point-eight in August.

By sector, travel and transport-related services jumped 40 percent due to higher demand and holiday factors. 

Demand for food delivery services also rose 36-point-eight percent, boosted by demand for Chuseok gifts. Purchases of electronic goods rose by 25-point-eight percent, while fashion items rose 12 percent on-year.

Purchases made through mobile devices further expanded to account for more than 72 percent of all online shopping.

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