[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.tioned.
Sales at department stores in South Korea fell by 2.1 percent last year frm 2016 partly due to the rising popularity of online shopping, data frm Statistics Korea showed Friday.
Local department stores posted combined sales of 29.24 trillion won ($26.7 billion) last year.
Overall retail sales, meanwhile, increased 4.4 percent to 402.91 trillion won. Department store sales accounted for 7.3 percent of the total, with the rate continuing to decline frm 8.4 percent in 2013.
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