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South Korea Insightsas of Oct 2026
Population size
52 M People
Median age
45.6 Years
Household size
2.3 People
GDP
1,870,000,000,000 USD
GDP per capita
35,962 USD
Cost of living index
75 Index (NYC=100)
Income inequality (Gini)
0.31 Coefficient
Retail sales volume
432,300,000,000 USD
Retail sales per capita
8,370 USD
Disposable income per capita
25,000 USD
Spending by category - apparel
21,615,000,000 USD
Spending by category - groceries
129,690,000,000 USD
Spending by category - electronics
43,230,000,000 USD
Number of retail outlets
365,014 Outlets
Major national retail chains
E-mart, Lotte Mart, GS25, CU Chains
Retail market fragmentation
High Level
Presence of global brands
Strong Presence
Dominant retail formats
Convenience stores, hypermarkets, e-commerce Formats
Average commercial rent
50 USD per sq ft per year
Property transaction volume
22,000,000,000,000 KRW
Ease of doing business index
5 Global Rank
Business permit process time
10 Days
Zoning constraints
Strict Level
E-commerce delivery infrastructure
Advanced Level
Road density
1.3 km per sq km
Public transport penetration
High Level
Commute patterns
30 Minutes average
Vehicle ownership per capita
0.4 Vehicles per person
Click-and-collect adoption
High Level
Mobile commerce usage
70 % of e-commerce
Retail tech startups
Numerous Count
Retail-related crime rate
Low Level
Shoplifting incidents
Increasing Trend
Consumer protection score
High Score
Business compliance risk
Moderate Level
Annual tourist arrivals
15,000,000 Visitors
Tourist retail spending
8,260,000,000 USD
Airport traffic
50,000,000 Passengers
Duty-free sales trends
Growing Trend
Urban expansion zones
Seoul Capital Area Zones
Emerging retail hubs
Busan, Incheon Hubs
Major upcoming national mall or retail projects
New Lotte World expansions Projects
Retail Destinations in South Korea
Browse 110 retail destinations across South Korea. Explore retail leasing opportunities, demographics, and market analytics for each location on Occupi.
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South Korea at a Glance
- Total Properties110
- Cities38
