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South Korea Records Surge in 2025 Retail Sales
(MENAFN) South Korea's retail sector posted single-digit growth throughout 2025, driven by explosive online marketplace demand, official government statistics revealed Wednesday.
Combined revenues across major brick-and-mortar and digital retailers expanded 6.8 percent versus the prior year, the Ministry of Trade, Industry and Resources disclosed.
E-commerce platforms witnessed revenue skyrocketing 11.8 percent fueled by consistent product category performance, while physical store revenues crept upward just 0.4 percent as discount outlet consumer expenditure weakened.
December exclusively recorded retail sales climbing 4.4 percent year-over-year, accelerating beyond November's 4.2 percent uptick.
Online retailer revenues surged 6.3 percent during the referenced month, whereas offline merchant sales ballooned 1.7 percent, marking three consecutive months of positive momentum.
The composite consumer sentiment index (CCSI)—measuring consumer outlook regarding economic conditions—rose 1.0 point month-over-month to reach 110.8 in January, maintaining elevation above the historical 100-point benchmark.
Digital food purchases jumped 13.7 percent in December compared to twelve months prior, while online daily necessity transactions expanded 6.0 percent.
Cyberspace service demand, encompassing travel bookings, meal delivery, and electronic voucher acquisitions, contracted 2.4 percent, though cosmetics and household appliance sales registered single-digit increases.
Physical apparel and sporting goods sales advanced in single digits, yet food and essential item purchases declined by comparable margins.
Department store revenues climbed 9.3 percent, contrasting sharply with discount outlet sales that plummeted 9.0 percent.
Combined revenues across major brick-and-mortar and digital retailers expanded 6.8 percent versus the prior year, the Ministry of Trade, Industry and Resources disclosed.
E-commerce platforms witnessed revenue skyrocketing 11.8 percent fueled by consistent product category performance, while physical store revenues crept upward just 0.4 percent as discount outlet consumer expenditure weakened.
December exclusively recorded retail sales climbing 4.4 percent year-over-year, accelerating beyond November's 4.2 percent uptick.
Online retailer revenues surged 6.3 percent during the referenced month, whereas offline merchant sales ballooned 1.7 percent, marking three consecutive months of positive momentum.
The composite consumer sentiment index (CCSI)—measuring consumer outlook regarding economic conditions—rose 1.0 point month-over-month to reach 110.8 in January, maintaining elevation above the historical 100-point benchmark.
Digital food purchases jumped 13.7 percent in December compared to twelve months prior, while online daily necessity transactions expanded 6.0 percent.
Cyberspace service demand, encompassing travel bookings, meal delivery, and electronic voucher acquisitions, contracted 2.4 percent, though cosmetics and household appliance sales registered single-digit increases.
Physical apparel and sporting goods sales advanced in single digits, yet food and essential item purchases declined by comparable margins.
Department store revenues climbed 9.3 percent, contrasting sharply with discount outlet sales that plummeted 9.0 percent.
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