The South Korean Online Retail Market is Expected to Grow at a CAGR of 17% in the Future – Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Marketplace model is the most commonly implemented business model in South Korea online retail market. An online marketplace model involves facilitating transactions between buyers and third party sellers who can interact with each other directly. The marketplace builder becomes the operator and provided customers with a platform to place their transactions. The marketplace operator aggregates the best offers for the customers without facing any hassles of handling logistics and inventories. . A typical e-commerce marketplace aggregates product information from multiple sellers, which allows users to compare different products and make purchases. Buyers visit the online marketplace, browse and select an item from the product range and the marketplace places that order through the third party seller, who in turn handles fulfillment of that purchase. The South Korean online retail market can be generally segmented into the following product types naming- clothing and fashion products, books and stationary, electronics, food and grocery, sports music and entertainment, beauty products and the others which would consist of the infants and children products, household goods, motor parts and accessories and garden products. The leader in market has been the electronics product category. Moreover, people can purchase the products easily from the local markets at a cheaper price owing to a presence of a large number of manufacturers. The South Korea online clothing and fashion products market has emerged as one of the fastest growing market in the previous few years. This industry has been majorly driven by factors such as high speed internet, smartphone penetration in the country and a high proportion of middle aged people in the country who prefer to keep up with the ongoing trends and fashion. . The online clothing and fashion products market is poised to grow at a CAGR of 25.8% in the coming five years backed by higher demand of the clothing and fashion products by the middle aged population of South Korea who are generally skeptical to make large transactions online. Online books and stationery market is a vital component of South Korea online retail market. The capacity for online books and stationery market in South Korea has showcased a glorifying growth rate, which was determined by advent of e-books which can be read on PCs, mobile phones, laptops and tablets. The South Korea online books and stationery market has showcased a compound annual growth rate of 8.2% in the period, 2009-2014. With an increase in schooling population, the competition is going to intensify and new players have looked forward to establish themselves in the market. Kyobo for an example was the largest offline bookstore chain in the country; however with increasing popularity of e-commerce, they have initiated their online book store as well. The mergers of organizations have always been successful in reducing the competition but at the same time they also increase the strength of the companies involved in the process. The mergers and acquisitions in the South Korea online retail market have opened up plenty of opportunities for the companies in terms of higher penetration, efficient capital allocation, greater customer base and increased reach of the companies indulged with a global presence. Apart from the ongoing investments Coupang is expected to be the largest online retailer of South Korea with its plan of expanding its product offering with help of the ongoing investments. For further detail follow the below mentioned link: https://www.kenresearch.com/technology-and-telecom/it-and-ites/south-korea-online-retail-market-report/695-105.html Related Reports: Asia Online Jewellery Market Outlook to 2019 – Driven by Lucrative Discounts and Rising Online Buyers India Online Grocery Market Outlook to 2019 – High Growth Prospects due to Increasing Internet Coverage and Smart Cities Emergence The Philippines E-Commerce Market Outlook to 2018 – Driven by Rising Internet Proliferation and Effective Online Payment System Contact: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Average Order Size Korea Online, Competition Korea ecommerce, Ecommerce Market Analysis Korea, Food and Grocery Market Revenue Korea, Future Opportunities Korea E-commerce, Government Role Online Portal Korea, Gross Revenue Korea ecommerce, Household Goods Market Korea, Industry Size Online Electronics Korea, Korea GMV Statistics Retail, Market Segments Korea ecommerce, Market Share E-commerce Portal South Korea, Music and Entertainment Products Market, Online Baby Products Market Korea, Online Buyers Korea Trends, Online Entertainment Market Korea, Online Motor Parts & Accessories Market, Online Sports, Outlook South Korea Online, Sector Analysis South Korea Online, South Korea E-commerce Market, South Korea Online Books and Stationery Industry, South Korea Online retail Market, South Korea Online Sales, SWOT South Korea Online, Trends Development Korea Ecommerce, Working Model E-commerce Portal Korea