Online Shopping Transactions Near 21 Tln Won in May, 2nd Highest to Date

Online shopping transactions in May neared 21 trillion won, or around 15 billion U.S. dollars, marking the second-highest amount on record.

According to Statistics Korea on Monday, online shopping transactions reached 20-point-865 trillion won in May, up seven-point-seven percent from the previous year.

The tally is the highest since November 2023, when transactions reached 21-point-005 trillion won.

Transactions for automobiles and auto parts jumped 75 percent on-year, while groceries saw a 16-point-one percent increase, and e-coupon services rose by 13-point-nine percent.

Mobile shopping transactions reached an all-time high of 15-point-514 trillion won, constituting 74-point-four percent of the total online shopping transactions.