Chinese Boycott Hits Korean Online Sales

  • By Park Yu-yeon

    February 05, 2018 12:40

    Sales growth of Korean online stores slowed last year as an unofficial Chinese boycott tempered enthusiasm there.

    Statistics Korea said Friday that direct sales overseas from Korean online shopping malls in 2017 rose 28.7 percent to W2.95 trillion.

    But that was a significantly slower growth rate than the previous year's 82 percent and 85.5 percent the year before that, mainly due to flagging enthusiasm from China.

    Sales to China increased just 29 percent last year, compared 107.9 percent the previous year.

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