Yonhap News4/29/2026BusinessSouth Korea
S. Korean Retail Revenue Rises 5.6% in March on Strong Inbound Tourism, Back-to-School Demand
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- South Korea's major retail companies saw revenue rise 5.6% year-on-year in March, driven by a record 2.06 million foreign tourists and back-to-school shopping demand.
- Department stores surged 14.7% while online platforms grew 8.1% and now account for 60.6% of total retail sales.
- Offline supermarkets declined 15.2% as e-commerce continues to expand.
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South Korea's major retail companies saw revenue rise 5.6% year-on-year in March, driven by a record 2.06 million foreign tourists and back-to-school shopping demand. Department stores surged 14.7% while online platforms grew 8.1% and now account for 60.6% of total retail sales. Offline supermarkets declined 15.2% as e-commerce continues to expand.
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This article was originally published by Yonhap News.
