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South Korea e-commerce market to surpass $160bn mark in 2027, forecasts GlobalData – Electronic Payments International

South Korea e-commerce market to surpass $160bn mark in 2027, forecasts GlobalData – Electronic Payments International

Share Copy Link South Korea continues to evolve as a major e-commerce market and is expected to register a strong compound annual growth rate (CAGR) of 7.7% between 2023 and 2027 to reach KRW202.6 trillion ($160.4 billion) in 2027, forecasts GlobalData, publishers of EPI.GlobalData’s E-Commerce Analytics reveals that South Korea e-commerce market has been on growth trajectory, registering a CAGR of 17.4% between 2018 and 2022 to reach KRW136.6 trillion ($108.2 billion) in 2022. This trend is expected to continue in 2023, with e-commerce sales expected to grow by 10.0%.Shivani Gupta, Senior Analyst Banking and Payments at GlobalData, said: “South Korea has… 

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