THE INVESTOR

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December 19, 2018

Online shopping purchases rise in April

PUBLISHED : June 04, 2018 - 13:24

UPDATED : June 04, 2018 - 13:24

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[THE INVESTOR] Purchases made using the internet and mobile devices in Korea continued to show solid growth in April, government data showed on June 4.

The total value of transactions made with computers, smartphones and tablets reached a record 8.74 trillion won (US$8.16 billion) in April, up 22 percent from a year earlier, according to the data from Statistics Korea.

The sharp rise was attributed to increased demand for electronics, cosmetics, daily necessities and food, the agency said.

The total value of mobile transactions soared 33.6 percent to 5.38 trillion won, accounting for 61.6 percent of all online purchases in April.

Mobile purchases have been on a steep rise for years as smart devices expand their presence in the world’s most wired country and rapidly replace computers as the means of conducting online transactions.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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