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Accelerate your revenue with a new audience of customers throughout South Korea - without friction or complexity.
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.
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.
Digital River can support the sales of these types of products for this specific market.
Cards are the most popular payment type at 80%, followed by digital wallets at 10%, and online bank transfers at 3%
The list below represents the current categories of payment options Digital River supports for this market.
In-Country Fulfillment: Not available