South Korea's online food market grows 62.4% as contactless consumption booms
The online food market surpassed the 40 trillion-won mark last year.
South Korea's online food market posted growth in 2020 from a year earlier due to the fallout from the coronavirus pandemic, Yonhap reported.
Citing data from Statistics Korea and industry sources, the value of online food transactions in Asia's fourth-largest economy came to 43.4 trillion won (US$39.2 billion) last year, up 62.4% from a year earlier.
The online food market surpassed the 40 trillion-won mark last year after reaching 26.7 trillion won the previous year.
Last year's surge, Yonhap reported, was attributed to a marked increase in contact-free consumption in the wake of the coronavirus outbreak.
The tally covered online transactions of food, groceries, farm produce, meat and fisheries goods, as well as food delivery services.
