Impact of COVID-19 on revenue of retail commerce sector South Korea 2020
The spread of COVID-19 in South Korea in the first months of 2020 heavily impacted the year-on-year revenues of the retail commerce industry. In the 3rd week of January, the revenue of online retailing grew by 31.4 percent compared to the same week last year, while offline retailing decreased by 17.1 percent. The revenue of online retailers increased in January and February 2020 compared to the same period in the last year.
