Retailing in South Korea – Market Shares, Summary and Forecasts to 2025

The research report provides both the historic and forecast market data of total retail sales, and the total retail sales market in South Korea. It illustrates the data with charts, graphs and tables summarizing the value, with category details in total retail sales sector. The forecasts include the impact of COVID-19 on growth. The research report also reveals major retailers share in total retail sales sector with their price and market positioning in 2020.

The report uses data from GlobalData’s Retail database showing the trends in the market and sectors by value. It also reveals the major retailers by market share in 2020 in each of the sectors. All data includes the impact COVID-19 has had on sales in 2020 (forecasted at the date of publication).

Scope

– The overall retail industry in South Korea is forecast to grow at a CAGR of 5.1% between 2020 and 2025 to reach ₩ 5,04,301 bn.​

– Food & Grocery is the dominating sector with ₩ 139.0 trillion in 2020 but Health & beauty is the fastest growing major sector, which will grow at 7.3% CAGR between 2020-2025 to reach ₩ 73.2 bn.​

– Online channel is the leading channel, but duty free retail channel is expected to see the maximum growth during the forecast period, registering a CAGR of 17.4% between 2020-2025 to reach ₩ 31,382 bn. ​

– The South Korea retail industry is dominated by mass market players

Reasons to buy

– Gain a comprehensive view of the retail industry and forecasts to 2025

– Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the retail market

– Investigate current and forecast trends in retail sectors to identify the opportunities offering the most potential

– Understand who the main competitors are in the sectors and their price positioning

Companies mentioned

Lotte Department Store

Shinsegae

NewCore Outlet

UNIQLO

Hyundai Department Store

2001 Outlet

emart

Gucci

CJ O Shopping

Hanwha Galleria

GS Supermarket

CU

CJ Mall

7-Eleven

Ministop

Top Mart

Kaja &Wine

Amazon

Electro Land

11th Street

Dell

GS Shop

Olive Young

Amway

The Face Shop

GS Supermarket

Nu Skin

Innisfree

Homeplus Hypermarket

Hanssem Kitchen

Daiso

Rehaus

IKEA

Enex

Table of Contents

Table of Contents

The State of Retail

Clothing, footwear & accessories

Food & grocery

Electricals

Health & beauty

Home

Others

Definitions

Methodology

    Pricing

Discounts available for multiple purchases.

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