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Republic of Korea: E-Commerce in Reaches over $170 Billion
Source: chosun.com
Source Date: Thursday, August 26, 2010
Focus: Electronic and Mobile Government
Country: Korea (Republic of)
Created: Aug 30, 2010

The volume of e-commerce in Korea exceeded US$170 billion for the first time during the second quarter of this year.

According to a report by Statistics Korea, the total volume of online transactions during the April to June period increased by more than 20 percent compared to the same period last year and over 12 percent on-quarter.

E-commerce between businesses grew nearly 25 percent year-on-year while that between customers and companies surged by nearly 35 percent.

However, there was one low point as online transactions between the government and businesses dropped by 13.4 percent.
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