Korea is world’s 5th largest e-commerce market, being the third biggest in Asia: Why you need Korean translators.

 


Korea is world’s 5th largest e-commerce market, being the third biggest in Asia: Why you need Korean translators.

South Korea is reported to be the world’s 5th largest e-commerce market being the third biggest in Asia. Amid COVID-19 pandemic, subsequent social distancing led e-commerce market in Korea to grow by 25.4% in 2021 which reached about KRW131.1 trillion.

Korean online channels such as Coupang, Gmarket, Auction, 11st, and Naver had an increased sales especially during this pandemic. It is said that people switched to online shopping for purchases as well as for better sales and to avoid contact of the virus. As Korea has high average internet speed and connection, 94% of population of Korea own smartphones and people have approximately six to seven different shopping apps being installed on their phones. According to report, about 70% of online purchases were via mobile.

Koreans enjoy cross-border shopping

According to several of surveys of Korean consumers, about 75% of Koreans enjoy cross-border shopping also known as (직구 jik-gu). Many Koreans enjoy goods from overseas due to competitive pricing. They simply enjoy cross border shopping because goods prices are cheaper than in Korea.

Even during the pandemic, cross-border shopping sales have increased significantly as various Korean online shopping channels have added cross-border e-commerce platform serving clients worldwide.


Why e-commerce translation is important?

To simply define E-Commerce Translation, it is process of translating and localizing e-store contents including reviews, blog, and news articles as well as products descriptions. The purpose of it is to make it accessible for audiences worldwide.

Since about 77.0 million of Korean speakers use online shops and e-commerce markets, it is important to translate and localize your products in Korean. Product description is typically important as Korean customers look for each and every detail of what you are trying to sell. Thus, hiring professional Korean translators for your e-Commerce business is essentially important.

How might I’M Translation and ISiS Korea aid with E-Commerce and online shopping translation?

At I’M Translation and ISiS Korea, we can connect you with a professional translators for online shopping and e-commerce. We have over 30+ languages available on our platform and we are flexible and available regardless of the language pair, topic, and time zone. Please visit us at www.imtranslation.com and www.isiskorea.com/eng to request a free translation quote. Thank you!

 

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