Korea's cross-border e-commerce potential
Posted: Wed Feb 19, 2025 5:00 am
According to a survey by the Korea Customs Service, the cross-border e-commerce market in Korea has grown nine-fold in five or six years, from $170 million in 2009 to $1.55 billion in 2014. Stable growth is expected to continue in the future, and Japanese products are also very popular, making Korea an attractive market.
The countries of trade for cross-border e-commerce in Korea are the United States (20%), Japan (9%), and China (6%), with many purchases from Japan. More and more consumers are using cross-border e-commerce because it is cheaper to buy from cross-border e-commerce than in their own country.
In addition, when looking at the use of online shops in Korea, domestic e-commerce is used (73%), domestic cross-border e-commerce is used (23%), and direct overseas cross-border e-commerce is used (4%), and the cross-border e-commerce usage rate is 27%, which is much higher than the cross-border e-commerce usage rate in Japan.
Open market-type mall sites are powerful in Korea, and it can be seen that in order to sell products in Korea, it is a reasonable choice to first use domestic cross-border e-commerce, that is, to open a store on an open market-type mall site.
●What are the popular open market-type e-commerce sites in Korea?
Like Japan, Korea is also in a period of retail struggle argentina whatsapp data with goods not selling well, but sales at mall sites known as open markets seem to be booming. An open market is an online shopping mall where individuals and businesses can sell products.
Anyone can freely set up a store and sell products to an unspecified number of people. Popular mall sites in Korea include Gmarket, COUPANG, and 11st.co.kr.
Below is a list of popular mall sites in Korea.
Gmarket
G-Market
Gmarket is Korea's largest shopping mall site. In February of this year, it collaborated with Japan's Rakuten Ichiba, allowing mutual store openings. It supports English and Chinese (Simplified), and users can select the currency display and shipping country.
Popular cosmetics, toys, sporting goods, etc. can be sold from Japan to Korea, and popular fashion items, cosmetics, etc. can be sold from Korea to Japan.
The countries of trade for cross-border e-commerce in Korea are the United States (20%), Japan (9%), and China (6%), with many purchases from Japan. More and more consumers are using cross-border e-commerce because it is cheaper to buy from cross-border e-commerce than in their own country.
In addition, when looking at the use of online shops in Korea, domestic e-commerce is used (73%), domestic cross-border e-commerce is used (23%), and direct overseas cross-border e-commerce is used (4%), and the cross-border e-commerce usage rate is 27%, which is much higher than the cross-border e-commerce usage rate in Japan.
Open market-type mall sites are powerful in Korea, and it can be seen that in order to sell products in Korea, it is a reasonable choice to first use domestic cross-border e-commerce, that is, to open a store on an open market-type mall site.
●What are the popular open market-type e-commerce sites in Korea?
Like Japan, Korea is also in a period of retail struggle argentina whatsapp data with goods not selling well, but sales at mall sites known as open markets seem to be booming. An open market is an online shopping mall where individuals and businesses can sell products.
Anyone can freely set up a store and sell products to an unspecified number of people. Popular mall sites in Korea include Gmarket, COUPANG, and 11st.co.kr.
Below is a list of popular mall sites in Korea.
Gmarket
G-Market
Gmarket is Korea's largest shopping mall site. In February of this year, it collaborated with Japan's Rakuten Ichiba, allowing mutual store openings. It supports English and Chinese (Simplified), and users can select the currency display and shipping country.
Popular cosmetics, toys, sporting goods, etc. can be sold from Japan to Korea, and popular fashion items, cosmetics, etc. can be sold from Korea to Japan.