South Korea - Digital River - EN

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South Korea

Accelerate your revenue with a new audience of customers throughout South Korea - without friction or complexity.

Why Sell into South Korea?

An Asian economic powerhouse, South Korea has come a long way over the last 30 years considering it shares what is arguably the most militarized border with its neighbors to the North. The country has deep democratic institutions. The country has become a global digital powerhouse and exporter, from K-Pop to consumer electronics, and gaming, South Korea is a model for the 21st century economy.

Sixth largest ecommerce market in the world at $61 billion; it’s ahead of France and just behind Germany. Retail ecommerce volume is projected to grow to $90.5 billion by 2024, up from $41.9 billion in 2017. In 2019, around 97% of South Koreans in their twenties reported to use internet shopping. Large ecommerce exporter, particularly in consumer electronics. The “hypermarket” concept in South Korea is the most popular option. Hypermarket sites include G-market, Coupang, and Naver Store.

Processing Currency
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.

KRW

Available Product Categories
Digital River can support the sales of these types of products for this specific market.

Digital


Where can companies sell into South Korea from?


Popular payment types in South Korea

Cards are the most popular payment type at 80%, followed by digital wallets at 10%, and online bank transfers at 3%


Available payment types for South Korea
The list below represents the current categories of payment options Digital River supports for this market.


Payment methods for South Korea


Fulfillment details for South Korea

Cross-Border Fulfillment: Landed Cost is Available.

Calculation of duties and fees incurred when goods are shipped cross border.


In-Country Fulfillment: Leverage Digital River's industry leading suite of API's to utilize your existing fulfillment partner.

eCommerce facts and figures
$1.6T GDP 51.64 M Total Population 96% Internet Usage

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