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![[Korea Insights] Online retail sales cross over the brick & mortar sales in Korea](https://i.ytimg.com/vi/iajYc4pcHOw/sddefault.jpg)
Jay Ahn
- Apr 29, 2020
- 1 min
Cross over to online.
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 last March. Thetotalretailindustry dropped -3.3% as offline channels decreased by -17.6% while online channels increased by +16.9%. High user rate of smartphone and high-speed internet infrastructure supported the change. It will last a couple of months under the COVID19 situation. Since consumer wants unta
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