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Online stores lifted retail sales 7.4 percent in first half

July 31,2018
Retail sales in Korea rose 7.4 percent on-year in the first half thanks to upbeat sales at online stores, data showed Monday.

Sales at online stores jumped 16.3 percent compared with the year before in the first half, while those at offline retailers rose 2.7 percent on-year during the January-June period, according to the data by the Ministry of Trade, Industry and Energy.

Sales at convenience stores and department stores rose 10.8 percent and 1.6 percent in the first half, but those at big discount store chains fell 1.8 percent.

Online malls reported a 20.8 percent spike as more people opted to do their shopping online.