"Should I Start a Business Too?" 48% Increase in Online Shopping Mall Openings in Q3

Korea Center 'Makeup Shop' Aggregation
New Shopping Mall Openings Up 48% Year-on-Year

[Asia Economy Reporter Cha Min-young] Despite the recession caused by the novel coronavirus infection (COVID-19), the demand for starting online shopping malls targeting contactless consumption has continued since April.

According to Korea Center on the 2nd, the number of new shopping malls opened through the contactless e-commerce integrated solution platform 'MakeShop' in the third quarter of this year increased by 48% compared to the same period last year.

Looking at the category proportions by industry, fashion and clothing ranked first with 49%. This was followed by daily necessities at 34%, fashion accessories at 14%, food at 9%, and pet supplies at 7%. In addition, shopping malls were started in various other industries such as camping goods, cosmetics, and interior accessories.

Korea Center is a platform company that provides all solutions necessary for e-commerce business. In addition to the MakeShop platform, which is responsible for domestic business, it also owns the 'Malltail' platform responsible for overseas business and the 'Enuri' platform responsible for big data and price comparison business.

Korea Center CEO Kim Gi-rok said, "Due to COVID-19, contactless consumption culture is spreading, and contactless solutions are gaining attention," adding, "As a representative contactless platform company, Korea Center will leverage the know-how accumulated so far to provide great support to local communities and small business owners facing difficulties and will further advance the contactless platform business."

This content was produced with the assistance of AI translation services.