South Korea E-Commerce Market Report 2021: COVID-19

South Korea E-Commerce Market Report 2021: COVID-19 Pandemic had Escalated the Adoption of e-Commerce - Forecast to 2025
April 20, 2021 07:53 ET
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Research and Markets
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South Korea's e-commerce market is predicted to reach US$325.12 billion in 2025, progressing at a CAGR of 19.92%, over the period 2021-2025.
Factors such as mounting penetration of internet users, introduction of AI in retail, expanding urbanization, the escalating trend of online advertising and growing usage of smartphones are set to drive the growth of the market.
However, market growth would be challenged by a risk of e-commerce fraud and imprecise return policies. A few notable trends include rising influence of social networking platforms, accelerating growth of mobile payments and increasing adoption of advanced technologies.

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