
[Korea Insights] Online retail sales cross over the brick & mortar sales in Korea
I read an article saying COVID19 advances the digitalization 10 years faster. As part of progress, online retail sales exceeded the offline retail sales for the first time on last March. The total retail industry dropped -3.3% as offline channels decreased -17.6% while online channels increased +16.9%. High user rate of smart phone and high-speed internet infrastructure supported the change. It will last a couple of months under the COVID19 situation. Since consumer want unta