Thanks to the so-called thumb generation,
Korea’s online shopping transactions are growing at a fast pace. As the trend seems to have shifted from desktop
shopping to mobile shopping, the total amount of online transactions reached a record high
in the year 2017. Kim Mok-yeon reports. The total amount of purchases made in 2017
through the internet and mobile devices in Korea peaked at 78 trillion won, or nearly
72 billion U.S. dollars, setting a new record. According to data released by Statistics Korea
on Friday, online purchases jumped nearly 20 percent on-year in 2017. Among these figures, mobile transactions rose
by a large margin of 35 percent to 44 billion dollars, accounting for 61 percent of all
online purchases. “The on-year rise can be mostly attributed
to a shift in shopping trends, as more consumers opted to purchase items using their smartphones
or PCs. Moreover, large discounts, simpler payment
systems and improved shipping services helped boost online shopping.” Purchases have soared especially in the food
and beverage sector with figures rising 38 percent on-year, followed by electronics and
communication devices climbing 24 percent, while traveling and booking services rose
15 percent. Statistics Korea says the upward trend is
expected to continue rising as online shopping services are rapidly becoming more convenient,
faster and reliable. Kim Mok-yeon, Arirang News.