Households drive market demand, with household spending representing 63.8% of total demand in 2023. E-Mart Inc is the largest company in South Korea, generating 6.9% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 14.9% of total production value in 2023. The total number of companies increases in 2023, to 1,663,819 units. The costs of the industry increase by 1.8% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 26.2% of turnover in 2023, the 11th highest regionally. With turnover of USD62.5 billion, South Korea accounts for 4.0% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Retail in South Korea: ISIC 52. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Retail in South Korea: ISIC 52 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of retail, sale, maintenance and repair of motor vehicles, retail sale of automotive fuel, and wholesale trade.
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