South Korea E-commerce Logistics Market Revenue Growth is expected to grow at a CAGR Of 4.7% during 2021 to 2026F: Ken Research REQUEST FOR SAMPLE REPORT Buy Now 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 1. South Korea E-commerce Logistics Market is expected to grow by 2026F driven by increasing internet penetration and improved logistics services among the players. To Know More about this report, download Free Sample Report South Korea has an internet penetration rate of 92.2% in 2021, with 47.3 Mn users. The government has made other preferential policies such as a preferential charge for the use of public facilities by logistics enterprises. The young population in South Korea is spending on an average 5H 29M every day using the Internet, resulting in a higher number of orders. Also, the advent of players offering last-mile delivery options has allowed retailers to improve e-com logistics to support growth and scale. 2. Initiatives by the Government of South Korea to strengthen the market also provide protection to consumers against e-commerce logistics frauds. To more about industry trends, Request a free Expert call Korean government encourages cross-border e-commerce by simplifying and expediting customs procedures which allow Korean consumers to benefit from low-priced goods from overseas. The government announced the ‘National Logistics Basic Plan (2021-2030)’ on July 1, 2021, as a new blueprint for the development of the logistics industry in the coming decade in a rapidly and drastically changing logistics environment in the post-COVID-19 era. In 2002, the e-commerce consumer protection act was enacted to protect the rights and interests of consumers by prescribing matters relating to the fair trade of goods or services by means of e-commerce transactions. E-commerce Mediation Committee was established for solving disputes from e-commerce between consumers and e-commerce providers, and between e-commerce partners including payments, delivery and services provided by telecom companies. 3. Rapid aging population and fraudulent purchases are some of the challenges for the E-commerce Logistics sector in South Korea. Visit this Link Request for a custom report Rapidly ageing population (median age 42.6) & extremely low fertility rate (0.96) – hence lack of qualified workforce in the warehouse space. The pollution added by the transport vehicles due to increased vehicular traffic on the roads is a challenge for logistics companies. Fraudulent purchases or cash-on-delivery transactions increase online retailers’ concerns because customers may reject their purchases, resulting in revenue loss for the companies. 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