Direct Overseas Purchase Rises to Account for 0.2% of Total Domestic Private Consumption
Direct Overseas Purchase Rises to Account for 0.2% of Total Domestic Private Consumption
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2014.10.17 00:03
  • 댓글 0
이 기사를 공유합니다

SEOUL, KOREA - The purchase by Korean consumers of foreign goods through overseas online retail websites like Amazon has increased rapidly to account for 0.2 percent of private consumption. According to the Bank of Korea in its report "Trend of Individual Overseas Purchase" published on October 16, the total volume of direct purchase was 753.8 billion won for the six-month period this year in 7,276,000 cases, up 48.5 percent from the same period last year. This is equivalent to 0.2 percent of the total private consumption of 370 trillion won for the same six months.
 
Direct purchases without the middlemen such as importers have increased at a fast pace for the past few years in items with large price differentials such as brand shoes, clothes, and dietary supplements. Last year's direct purchase volume was 1,135.6 billion won, 42.8 percent higher than the previous year. Accordingly, the portion in the total amount of private consumption has climbed up from 0.11 percent in 2011, 0.16 percent in 2012, and finally surpassed the 0.2-percent level last year.
 
The report commented, "Although the percentage is negligible right now, it is likely to rise further in coming years. Although somehow positive in terms of a rise in consumer welfare and pressure on the prices of competing goods domestically, the effects of direct purchase of foreign goods are generally negative in that it causes domestic producers to give up production and thus cut jobs."

댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • URL: www.koreaittimes.com / m.koreaittimes.com. Editorial Div. 02-578-0434 / 010-2442-9446. Email: info@koreaittimes.com.
  • Publisher: Monica Younsoo Chung. Chief Editorial Writer: Kim Hyoung-joong. CEO: Lee Kap-soo. Editor: Jung Yeon-jin.
  • Juvenile Protection Manager: Yeon Choul-woong. IT Times Canada: Willow St. Vancouver BC, Canada / 070-7008-0005.
  • Copyright(C) Korea IT Times, Allrights reserved.
ND소프트