, South Korea
110 view s
Photo by Pixabay from Pexels.

South Korea retail sales up 7.9% in February

The operating days during the Seollal holidays helped boost sales.

Retail sales in South Korea grew by 7.9% (YoY) in February due to the higher number of operating days because of the Seollal holidays compared to last year and the base effect from the Omicron outbreak.

In a statement, the Ministry of Trade, Industry, and Energy said both offline and online sales increased by 8% and 7.8%, respectively.

For offline stores, sales in the hypermarket chains increased by 5.8% boosted by the double digits rise in clothing, sports, miscellaneous, and food products that offset the 19.4% decline in home appliance/culture due to a high base effect last year.

READ MORE: Online sales drive South Korea’s 4% retail growth in January

Department store chains also rose by 8.6% due to increased sales in outdoor activities and early sales for new spring season products. Convenient stores increased by 8.6%, whilst the sales of super supermarket operators reported a 3.2% uptick.

Meanwhile, the ministry said the increase in online sales was due to the rise in overseas travel and outdoor activities that boosted demands for services, fashion/clothing, and cosmetics. Sales of children/infants and home appliances/electronics experienced a decline.

The monthly retail sales data was based on the survey of three department store chains, three hypermarket chains, three convenience store chains, four super supermarket operators and 13 online retailers.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!