Retail sales rise 9 pct in May amid improving consumer sentiment (opens original article in a new tab)

South Korea's retail sales increased 9% in May, driven by improved consumer sentiment, major holidays, and stronger performance in both online and offline sectors.

• Retail sales in South Korea rose 9% in May compared to the previous year.
• Offline retailers saw a 9.3% increase in sales, driven by department stores and convenience stores.
• Online retail revenue increased 8.8% in May, with online platforms accounting for 58.6% of total retail sales.