South Korea: Economy and e-Commerce

South Korea is the third largest e-commerce market in APAC and home to a large community of technologically connected internet users. Tech savvy consumers have discovered that products are cheaper overseas, causing an explosion in cross-border purchases with U.S., Japan, China and Germany. Credit cards are used in 70% of online purchases in South Korea.

Preferred online payment methods in South Korea

73.6% credit cards
22.6% money transfers

 

Let’s Expand Your Global Footprint and Optimize Local Sales. 

Contact us today and together we will tailor your payment strategy to meet your business requirements, growth plans and sales goals.