Statistics Korea Archives - Inside Retail Asia
Chinese travellers have emerged as one of the few bright spots for Korean department stores suffering from dull domestic consumption.
Statistics Korea says retail sales rose 2.8 per cent in February.
South Korea’s online boom has been blamed for a significant decline in the number of bricks and mortar retailers in the nation. According to data compiled by the Statistics Korea and from the National Tax Service, there were 34,000 fewer retailers operating this last year compared to 12 months earlier. The total number was down from 806,000 to 772,000 – a decline of about four per cent. The government agencies define “active companies” as those who have sales or employees for at l…