The social commerce market in the country experienced robust growth during 2022-2025, achieving a CAGR of 10.9%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 9.4% during 2026-2031. By the end of 2031, the social commerce sector is projected to expand from its 2025 value of USD 111.98 billion to approximately USD 196.64 billion.
Key trends and drivers
Normalize live shopping as a core retail format.- In South Korea, live commerce is moving from a promotional add-on to a routine retail format. It is now embedded across major domestic platforms such as Naver, Kakao, and Coupang, with especially strong relevance in categories where demonstration and interaction matter, such as beauty, fashion, and household goods. Kakao’s 2025 disclosures show that Kakao Shopping Live is contributing to commerce growth, and recent Korean coverage indicates the market is shifting from maximizing broadcast volume to improving conversion and operating efficiency.
- South Korea’s retail environment is highly digital, and product discovery is closely tied to social and platform activity. Live commerce fits that behavior because it combines demonstration, real-time Q&A, urgency, and checkout in a single flow, which is well-suited to Korean consumers’ mobile-first shopping habits.
- This trend is likely to intensify, not fade. The next phase will be less about simply running more livestreams and more about making them cheaper and easier to operate through AI-assisted scripting, clipping, and production, which should make live sessions a standard tool for launches, promotions, and conversions rather than a one-off campaign format.
- Naver is pushing Korean commerce from search-led shopping toward AI-led discovery. Its 2025 earnings tied commerce growth to the launch of Naver Plus Store, stronger personalization, membership services, and recommended ads, while the app itself now promotes a “Shopping Agent.” Yonhap also described Naver Plus Store as shifting the user experience from traditional search-based shopping toward a discovery-focused model.
- Competition in South Korea’s online retail market is forcing platforms to reduce friction in product discovery and keep users inside their own ecosystems longer. In Naver’s case, the strategic levers are not only assortment and price, but also personalization, membership, and recommendation logic tied to its broader platform environment.
- This trend should strengthen further. More shopping journeys in Korea are likely to begin with AI prompts, curated recommendations, and membership-linked discovery rather than open-ended keyword searches; in practice, that is likely to favor merchants that can supply richer content, clearer product information, and stronger platform-native advertising assets.
- In South Korea, social commerce is increasingly happening inside communication and community environments rather than being pushed to separate storefronts. Kakao’s 2025 releases show commerce flowing through KakaoTalk Gift, Talk Deal, and Kakao Shopping Live, while KakaoTalk Channel supports sign-ups, orders, payments, reservations, and consultations within the messenger. In fandom commerce, Weverse has been linking community participation with merchandise pre-purchase and on-site pickup for Seoul-area events.
- Korea’s domestic platform structure supports closed-loop behavior: users discover content, receive messages, ask questions, and complete transactions without leaving the platform. Kakao is also expanding its business message formats, making chat-based commerce more usable for promotions, reminders, and conversions.
- This is likely to intensify in categories where affinity and repeat interaction matter, such as gifting, fandom merchandise, fashion, and beauty. Brands operating in Korea will increasingly treat message subscribers, channel followers, and community members as commerce audiences, not just media audiences, which should reduce reliance on open-market search alone.
- Trust is becoming a front-end feature of Korean social commerce, not just a legal requirement. In 2025, South Korea’s privacy regulator examined major super-apps for data-handling risks; courts upheld sanctions against Google and Meta over behavioral-data collection without proper consent; the government moved to require labeling of AI-generated ads; and the KFTC continued to scrutinize platform conduct, including recent action against Coupang over supplier treatment. The KFTC also warned that combining Gmarket customer information with AliExpress Korea could strengthen market dominance.
- The broader retail context matters here. South Korea is dealing simultaneously with stronger overseas platform competition, concerns over deceptive advertising and synthetic content, and more pressure to protect sellers and consumers in platform transactions. That combination is pushing compliance, disclosure, and data governance into the core operating model for commerce platforms.
- This trend is also likely to intensify. Major platforms will likely tighten seller onboarding, ad review, data controls, and disclosure standards, which should improve buyer confidence but also raise execution requirements for brands and make scale, operational discipline, and local compliance capabilities more important.
Competitive Landscape
Over the next 2-4 years, competition is likely to intensify on three fronts: AI-led discovery, merchant acquisition, and compliance. Naver and Kakao are likely to compete more directly on in-app recommendation and shopping flows, while AliExpress and Temu will continue testing how far localized marketplace models can scale in Korea. At the same time, tighter scrutiny of data handling and platform conduct is likely to remain part of the competitive equation, favoring players with stronger local operating control and governance.Current State of the Market
- South Korea’s social commerce market is best understood as a contest between platform ecosystems rather than standalone social-shopping apps. Naver is building commerce around AI-led discovery through Naver Plus Store and its wider digital ecosystem; Kakao is monetizing commerce within KakaoTalk through Gift and Talk Deal; and Coupang remains a large benchmark for scale and execution, even though it is not a pure social platform. This makes the market competitive and keeps the boundary between social commerce, content commerce, and mainstream e-commerce narrow.
Key Players and New Entrants
- The core domestic players are Naver, Kakao, and Coupang. HYBE’s Weverse occupies a more specialized position in fandom-led commerce, where community activity and merchandise sales are closely linked. Competitive pressure is also coming from cross-border platforms. AliExpress has expanded enough for regulators to treat its combination with Gmarket as a competition issue, while Temu has emerged as a meaningful challenger and is now part of the regulatory and competitive discussion in Korea. The result is a broader field in which local platforms and overseas entrants compete for traffic, merchants, and consumer trust.
Recent Launches, Mergers, and Acquisitions
- Recent moves show structural repositioning rather than incremental feature changes. Naver’s Naver Plus Store app has quickly become a meaningful new shopping entry point. Kakao has begun embedding AI agents and ChatGPT-linked tools into KakaoTalk and related services, including Gift, to make product discovery and conversion feel more conversational. The most consequential corporate move was the conditional approval of the AliExpress Korea-Gmarket joint venture, subject to restrictions on customer data sharing. Weverse also expanded its commerce reach through a payment partnership with EBANX.
It breaks down market opportunities in the social commerce sector by type of domestic vs cross-border, type of social platform, type of payment method, business model, end-use consumer segment, and type of city. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
Report Scope
This report provides in-depth, data-centric analysis of social commerce in South Korea. Below is a summary of key market segments.South Korea Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2022-2031
South Korea Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2022-2031
South Korea Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2022-2031
- Clothing & Footwear
- Beauty and Personal Care
- Food & Grocery
- Appliances and Electronics
- Home Improvement
- Travel
- Hospitality
South Korea Social Commerce Industry Market Size and Forecast by End Use Consumer Segment, 2022-2031
- B2B
- B2C
- C2C
South Korea Social Commerce Industry Market Size and Forecast by End Use Device, 2022-2031
- Mobile
- Desktop
South Korea Social Commerce Industry Market Size and Forecast by Location, 2022-2031
- Domestic
- Cross Border
South Korea Social Commerce Industry Market Size and Forecast by Location, 2022-2031
- Tier-1 Cities
- Tier-2 Cities
- Tier-3 Cities
South Korea Social Commerce Industry Market Size and Forecast by Payment Method, 2022-2031
- Credit Card
- Debit Card
- Bank Transfer
- Prepaid Card
- Digital & Mobile Wallet
- Other Digital Payment
- Cash
South Korea Social Commerce Industry Market Size and Forecast by Platforms
- Video Commerce
- Social Network-Led Commerce
- Social Reselling
- Group Buying
- Product Review Platforms
South Korea Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour, 2025
- By Age
- By Income Level
- By Gender
- South Korea Social Commerce Market Share by Key Players, 2025
Reasons to buy
- Insights on Strategy & Innovation: Navigate through future direction of the social commerce industry market by understanding strategic initiatives taken by key players to gain market share and innovation.
- In-depth Understanding of Social Commerce Market Dynamics in South Korea: Understand emerging opportunities and future direction of the social commerce market, key drivers, and trends. Benefit from a detailed market segmentation with 50+ KPIs.
- Value and Volume KPIs for Accurate Understanding: Value and volume key performance indicators (KPIs) help in developing an accurate understanding of market dynamics.
- Gain comprehensive insights with this report, featuring South Korea’s detailed report encompassing 44 tables and 57 charts, providing in-depth country-level analysis to support strategic decision-making.
- Competitive Landscape: Get a snapshot of competitive landscape in social commerce sector with key players and market share in South Korea. Formulate your strategy by gaining insights into the current structure of the market.
- Develop Strategies to Gain Market Share: Create and fine tune your targeting strategy in the social commerce sector, identify growth categories and target specific segments across the value chain; evaluate important trends and risks unique to your market.
- Deeper Understanding of Consumer Behaviour: Increase ROI by understanding how consumer attitudes and behaviours are evolving. Get a detailed view on retail spending dynamics across consumer segments in social commerce sector.
Table of Contents
Companies Mentioned
- TikTok
- TMON
- Zigbang
- Wemakeprice
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 71 |
| Published | March 2026 |
| Forecast Period | 2026 - 2031 |
| Estimated Market Value ( USD | $ 125.57 Billion |
| Forecasted Market Value ( USD | $ 196.64 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | South Korea |
| No. of Companies Mentioned | 5 |


