How big is the South Korea Retail Market?

The South Korea Retail Market size is expected to reach USD 553.92 billion in 2024 and grow at a CAGR of 5.68% to reach USD 730.49 billion by 2029. Read More

What is the current South Korea Retail Market size?

In 2024, the South Korea Retail Market size is expected to reach USD 553.92 billion. Read More

Who are the key players in South Korea Retail Market?

Hyundai Home Shopping Network Corp., Shinsegae Department Co. Ltd, Lotte Mart, E-Mart Inc. and Homeplus Co. Ltd are the major companies operating in the South Korea Retail Market. Read More

What years does this South Korea Retail Market cover, and what was the market size in 2023?

In 2023, the South Korea Retail Market size was estimated at USD 522.46 billion. The report covers the South Korea Retail Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Retail Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South Korea Retail Sector Market Size & Share Analysis - Industry Research Report

South Korea Retail Sector Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The South Korea Retail Sector Market Report is Segmented by Product Category (Food, Beverage, and Tobacco Products, Personal Care and Household, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Industrial and Automotive, Electronics and Household Appliances, and Pharmaceuticals, Luxury Goods, and Other Products) and Distribution Channel (hypermarkets, Supermarkets, Convenience Stores and Department Stores, Specialty Stores, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

South Korea Retail Sector Industry Overview

Major international and local players operating in the South Korean retail sector are covered in the report. A few of the major players currently dominate the market in terms of market share. South Korea’s retail industry is saturated with domestic players. These firms are known for their substantial financial capabilities and huge organizational capacities. However, with technological advancements and service innovations, mid-size to smaller companies increase their market presence through new contracts. The major players in the market include Hyundai Home Shopping Network Corp., Shinsegae Department Co. Ltd, Lotte Mart, E-Mart Inc., and Homeplus Co. Ltd.