• The future development of the south korean online retail industry is likely to be driven by improvements in technology relating online payments, better logistics, and increasing internet access. • The south korean online retail market is predicted to reach USD 66 billion by 2019. • It is anticipated that the market leader, eBay, will continue to concentrate on Asian markets and provide better deals and services to its customers in order to compete with other players in the industry; however, it is going to face strong competition from coupang, which is anticipated to be the largest player in the segment until the year 2016. ken research has released its most recent publication, which is titled “south korea online retail market prognosis to 2019.” This report offers a detailed study of the retail industry in south korea. This research covers a variety of topics, some of which include the market size of south Korea’s online retail industry, segmentation based on the kind of goods sold, and different forms of distribution. The research is beneficial to the government, industry consultants, online retailers, offline retailers, food and grocery shops, online electronic chain stores, clothing and footwear makers, other stakeholders, and new companies going into the market. Even after the economy entered a period of sluggish development in 2008, demand in the south Korean internet retail business has been increasing at a significant pace. This demand has grown as a result of an increase in the number of people using high-speed internet, an increase in the number of people using smart phones, and a high percentage of elderly people living in the nation. It is anticipated that these elements will contribute to the expansion of online shopping, which will be supported by enhancements to payment gateways, improved packaging, and more delivery choices. The online retail market in south korea has increased at a significant cagr of 17.7 percent during the period 2009-2014, which has set the gross merchandise value at billion usd during the year 2014. According to the research report, the south korean online retail market will grow at a significant cagr rate, thus exceeding USD 66.2 billion by the year 2019. This is due to the rising income level and the growing influence of social media, as well as the growing demand for clothing, fashion products, electronics, and beauty products by a large number of middle aged people in the country who wish to keep up with the trends and stay up to date in line with developments in the country. “while, rising disposable income, hike in middle aged population, and increasing number of internet and smartphone users in the country will result in increased revenue from online retail in south korea, cyber crimes and frauds, higher competition, and customers’ reluctance to pay high amounts online are few of the major challenges which will affect the growth of this industry in the future,” said the research analyst at ken research. “while these factors will result in increased revenue from online retail in south korea,” she added, ” major themes discussed in the report are as follows: market segmentation in terms of product type for the south Korean online retail industry, with market size measured in terms of gross merchandise value, number of orders by product type, and average order size by product type. distribution by method of operation -evolving patterns and tendencies -swot analysis – competitiveness and market share – major mergers and acquisitions – key investments – -factors that stimulate growth – laws and regulations imposed by the government – requirements to join the market – recommendations made by analysts -the link between causes and effects -the prediction for the future -the macroeconomic characteristics items in the categories of apparel, footwear, and fashion that are highlighted in the report online important products books and stationery available online electronic purchases made online online cosmetics and toiletries items for music, sports, and entertainment available online companies that sell food and groceries online, as well as household goods, motor parts and accessories, and garden products are included in the scope of this report. These companies include ebay, gmarket, ebay auction, 11 street, interpark, lotte, emart, gs home shopping, cj o shopping, hyundai home, shopping, lotte home shopping, home and shopping, ns home shopping, fashion plus, dahong, yesstyle.com, bershka.com related news accounts: The asia online jewelry industry forecast to 2019 is expected to be driven by enticing discounts and expanding numbers of online customers. india The online grocery business is expected to have significant growth potential through 2019 as a result of expanding internet access and the rise of smart cities. the philippines e-commerce market outlook to 2018 – driven by rising internet proliferation and an effective online payment system contact: ken research ankur gupta, head marketing & communications ankur@kenresearch.com +91-9015378249 the philippines e-commerce market outlook to 2018 – driven by rising internet proliferation and an effective online payment system
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