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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Split-image illustration contrasting South Korea's rising industrial output from semiconductors with sharp retail sales decline, featuring factory production and empty malls.
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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.

South Korea's exports rose 8.2 percent year-on-year in the first 20 days of November, fueled by strong demand for semiconductors and automobiles. Outbound shipments reached $38.5 billion, up from $35.6 billion a year earlier, according to Korea Customs Service data. Imports grew 3.7 percent to $36.1 billion, yielding a $2.4 billion trade surplus.

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South Korea's exports of food and agriculture-related products reached a record $13.62 billion in 2025, driven by the global popularity of Korean items like ramyeon noodles, sauces, and fruits. The Ministry of Agriculture, Food and Rural Affairs reported that the K-Food Plus sector grew 5.1 percent from the previous year.

South Korea's automobile exports reached an all-time high of $72 billion last year, driven by strong overseas demand for eco-friendly vehicles and used cars. The figure represents a 1.7 percent increase from 2024's $70.8 billion. The government aims to sustain this momentum amid ongoing global trade uncertainties.

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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.

Government data shows South Korea's used car exports surged more than 80% year-on-year in the first 11 months, reaching $8.4 billion. While new car exports dipped slightly, overall automobile exports increased by 2%.

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South Korea recorded a record current account surplus of $82.77 billion for the first nine months of this year, driven by strong semiconductor and automobile exports. The central bank reported that September's surplus alone reached $13.47 billion, the highest ever for that month.

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