Online shopping sales hit record high in November on food services

Online shopping sales in South Korea jumped 6.8 percent year-on-year to a record high in November, driven by strong demand for food-related services. According to data from the Ministry of Data and Statistics, transactions totaled 24.15 trillion won ($16.75 billion). Purchases via mobile devices accounted for 77 percent of the total.

Online shopping sales in South Korea reached a record high in November, reflecting robust growth in the e-commerce sector. Data from the Ministry of Data and Statistics showed transactions totaling 24.15 trillion won ($16.75 billion), a 6.8 percent increase or 1.53 trillion won rise from the previous year. This marks the highest figure since the ministry began compiling data in 2017.

The surge was primarily driven by a 13.7 percent year-on-year climb in sales of food services and food and beverages, attributed to promotions by food delivery platforms. Spending on travel and transportation services also grew 8.5 percent, bolstered by recovering domestic and overseas travel demand and second-half promotional events.

In contrast, online sales of home appliances and electronics declined 4.9 percent, due to fewer promotional events compared to the prior year. Purchases through mobile devices like smartphones and tablets rose 7.9 percent to 18.59 trillion won, setting another record. Mobile-based shopping comprised 77 percent of total online sales, up 0.9 percentage points from a year earlier.

These figures highlight the ongoing expansion of online shopping, particularly in food and travel sectors amid shifting consumer habits and digital adoption.

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Industrial output rises 0.9% in November; retail sales post sharpest fall in 21 months

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South Korea's industrial output grew 0.9 percent in November, driven by strong semiconductor production, while retail sales fell 3.3 percent, the sharpest drop in 21 months. Data from the Ministry of Data and Statistics attributes the retail decline to the fading effects of the Chuseok holiday and base effects. Cumulative retail sales for January to November rose 0.4 percent, suggesting a possible positive annual figure.

Government data shows that outbound online sales by South Korean businesses reached a record 3.02 trillion won in 2025, marking the third consecutive year of growth. This represents a 16.4 percent increase from the previous year. Sales rose notably in the United States and China, but fell in ASEAN countries.

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Les exportations de la Corée du Sud ont augmenté de 8,2 % sur un an lors des 20 premiers jours de novembre, portées par une forte demande de semi-conducteurs et d'automobiles. Les expéditions sortantes ont atteint 38,5 milliards de dollars, contre 35,6 milliards de dollars un an plus tôt, selon les données du Korea Customs Service. Les importations ont progressé de 3,7 % à 36,1 milliards de dollars, générant un excédent commercial de 2,4 milliards de dollars.

Building on robust corporate earnings reported earlier, South Korea's electronics and telecommunications shipments hit a record 340.5 trillion won in 2024, up 26.4 percent, driven by AI demand. This caps a strong year for manufacturing amid global chip recovery.

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South Korea's exports expanded 14.9 percent year-on-year in the first 20 days of January, reaching $36.36 billion, fueled by strong semiconductor demand. Imports grew 4.2 percent to $36.98 billion, resulting in a $600 million trade deficit. Data from the Korea Customs Service underscores ongoing growth in key sectors.

South Korea's exports fell 2.3 percent year-on-year in the first 10 days of January, despite robust semiconductor shipments. According to Korea Customs Service data, outbound shipments totaled $15.55 billion for the period. Weaker performance in automobiles, vessels, and steel products offset the gains.

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South Korea's exports are projected to grow nearly 13% in Q1 2026 to around $180 billion, building on January's record performance and fueled by strong global semiconductor demand linked to the AI surge, according to the Export-Import Bank of Korea.

 

 

 

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