Retail Sales Rise in South Korea

Last year saw an increase of 9.2 per cent in retail sales across South Korea on the back of growing outdoor activities.

The news came from the industry ministry last week and the increase has come through the combined sales of local offline retailers, which saw an increase of 8.9 per cent year-on-year and those of offline stores whose sales rose by 9.5 per cent, according to the data compiled by the Ministry of Trade, Industry and Energy.

In a major step toward regaining pre-pandemic normalcy, the government lifted most strict antivirus regulations in April last year, such as business curfews and the cap on private gatherings. All schools resumed in-person classes, and most companies ended their remote working policies.

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