Online Retail in South Korea

September 2024 | 42 pages | ID: OF21572E9EAEN
MarketLine

Abstracts

Online Retail in South Korea

Summary

Online Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The online retail market is segmented into apparel retail, electrical & electronics retail, food & grocery retail, home & garden products, furniture & floor coverings, and footwear.
• The South Korean online retail sector recorded revenues of $61.1 billion in 2023, representing a compound annual growth rate (CAGR) of 11.5% between 2018 and 2023.
• The food & grocery retail segment accounted for the sector's largest proportion in 2023, with total revenues of $23.7 billion, equivalent to 38.9% of the sector's overall value.
• Rising consumer confidence is a key driver for the online retail sector, as it encourages consumers to spend more on a wide range of products that enhance their convenience and lifestyle. Additionally, Bank of Korea reports that the net household disposable income of the South Korea reached $43,445.5, up 2.6% over 2022.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the online retail market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the online retail market in South Korea
• Leading company profiles reveal details of key online retail market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea online retail market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the South Korea online retail market by value in 2023?
• What will be the size of the South Korea online retail market in 2028?
• What factors are affecting the strength of competition in the South Korea online retail market?
• How has the market performed over the last five years?
• Who are the top competitors in South Korea's online retail market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. Who are the main challengers to the incumbents?
7.4. What are the recent developments in the market?

8 COMPANY PROFILES

8.1. Gwangju Shinsegae Co. Ltd.
8.2. Amazon.com Inc
8.3. The SK Planet Co Ltd
8.4. CJ CheilJedang Corp

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: South Korea online retail sector value: $ million, 2018-23
Table 2: South Korea online retail sector category segmentation: % share, by value, 2018-2023
Table 3: South Korea online retail sector category segmentation: $ million, 2018-2023
Table 4: South Korea online retail sector geography segmentation: $ million, 2023
Table 5: South Korea online retail sector distribution: % share, by value, 2023
Table 6: South Korea online retail sector value forecast: $ million, 2023-28
Table 7: Gwangju Shinsegae Co. Ltd.: key facts
Table 8: Gwangju Shinsegae Co. Ltd.: Annual Financial Ratios
Table 9: Gwangju Shinsegae Co. Ltd.: Key Employees
Table 10: Amazon.com Inc: key facts
Table 11: Amazon.com Inc: Annual Financial Ratios
Table 12: Amazon.com Inc: Key Employees
Table 13: Amazon.com Inc: Key Employees Continued
Table 14: The SK Planet Co Ltd: key facts
Table 15: The SK Planet Co Ltd: Key Employees
Table 16: CJ CheilJedang Corp: key facts
Table 17: CJ CheilJedang Corp: Annual Financial Ratios
Table 18: CJ CheilJedang Corp: Key Employees
Table 19: South Korea exchange rate, 2018-23

List Of Figures

LIST OF FIGURES

Figure 1: South Korea online retail sector value: $ million, 2018-23
Figure 2: South Korea online retail sector category segmentation: $ million, 2018-2023
Figure 3: South Korea online retail sector geography segmentation: % share, by value, 2023
Figure 4: South Korea online retail sector distribution: % share, by value, 2023
Figure 5: South Korea online retail sector value forecast: $ million, 2023-28
Figure 6: Forces driving competition in the online retail sector in South Korea, 2023
Figure 7: Drivers of buyer power in the online retail sector in South Korea, 2023
Figure 8: Drivers of supplier power in the online retail sector in South Korea, 2023
Figure 9: Factors influencing the likelihood of new entrants in the online retail sector in South Korea, 2023
Figure 10: Factors influencing the threat of substitutes in the online retail sector in South Korea, 2023
Figure 11: Drivers of degree of rivalry in the online retail sector in South Korea, 2023