Fashion market in South Korea

The South Korean Fashion eCommerce market is predicted to reach US$23,285.4 million by 2024 and accounts for 20.3% of the total eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 0.7%, resulting in a projected market volume of US$23,974.0 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.

Market development

eCommerce revenue development in the Flat Shoes market in South Korea

The South Korean Flat Shoes eCommerce market is predicted to reach US$408.1 million by 2024 and accounts for 6.5% of the Footwear eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.7%, resulting in a projected market volume of US$471.9 million by 2028. The Flat Shoes eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Active Footwear, Boots, High Heels & Pumps, Other Footwear, and Sandals.

eCommerce revenue development in the Flat Shoes market in South Korea

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Flat Shoes market in South Korea

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)51.936.364.751.180.974.662.86.1

Online share

eCommerce online share of the total Flat Shoes market in South Korea

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the South Korean Flat Shoes retail market, the online share is 62.2% and will decrease by an average of 0.9% to 60.0% by 2028.

eCommerce online share of the total Flat Shoes market in South Korea

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)33.8%20.0%52.4%75.6%5.7%3.4%33.6%28.1%

Market definition

Definition of the Flat Shoes market within the Fashion market

Market definition: Fashion > Footwear > Flat Shoes The category Flat Shoes includes the online trade of ballerina flats, loafers, oxfords, and more. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Ballerina flats
  • Loafers
  • Oxfords
  • Clarks

Market comparison

The South Korean Flat Shoes market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis