South Korea's E-Commerce Sales Growth Rate – the Slowest since Q3 2009
29.05.2013 483 views
In Q1 2013, South Korea’s e-commerce sales have grown by 2.1 percent, reaching USD 254.7 billion, as compared Q1 2012, recent data indicate. According to a report by Statistics Korea, during the period under review, the e-commerce sector has grown at the slowest pace in more than three years.
The same source shows that business-to-business (B2B) transactions, which account for more than 90 percent of all online sales, has jumped by 1.7 percent from a year earlier.
As compared to Q4 2012, The B2B transactions have decreased by 1.6 percent. Results also point out that business-to-government (B2G) sales have risen by 3.4 percent on-year, while business-to-consumer (B2C) transactions have jumped by 16.1 percent and consumer-to-consumer sales have increased by 5.6 percent.
Source: The Paypers
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