Transactions of online, mobile shopping reaches US$ 9 bil. in Oct.

The amount of online and mobile shopping transactions
hit record highs in October surpassing the nine-billion U.S. dollar mark for the first
time. A trend driven mainly by the development of
digital payment systems… and more working days compared to the same period last year. Kim Ji-yeon breaks down the digits for us. Data released by Statistics Korea on Wednesday
show the amount of online and mobile shopping transactions increased by 36-percent on year
in October to register more than nine-billion U.S. dollars. Purchases in food and beverages rose the most
by nearly 50-percent,… followed by cosmetics, winter apparel, electronics, and home appliances. The statistics agency attributed the surge
of sales in cosmetics to the growing influx of Chinese tourists coming to Korea, as a
great percentage of them bought goods online in Korean duty free shops ahead of their visit. Mobile shopping transactions also jumped by
nearly 44-percent on-year to nearly five-point-six-billion dollars. In particular, the food delivery sector saw
the most transactions. An official from the statistics agency cited
the ongoing rise of one-person households and the development of safer and more convenient
digital and biometric payment systems as major reasons for the surge. Subsequently, the number of public holidayswas
also an important factor, as food deliveries significantly decrease on major holidays like
Chuseok, or Korean Thanksgiving Day. Transactions of goods and services related
to culture and leisure activities, meanwhile, saw a drop on-year in October. Kim Ji-yeon, Arirang News.

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