Latest News:  
Beijing   Sunny/Overcast    5 / -2   City Forecast

People's Daily Online>>World

S.Korea's e-commerce sales hit all-time high in 2011


14:27, February 23, 2012

SEOUL, Feb. 23 (Xinhua) -- South Korea's e-commerce sales hit an all-time high last year due to a surge in cyber transactions between businesses, a government report showed Thursday.

Online commerce transactions reached 999.25 trillion won (885. 62 billion U.S. dollars) in 2011, up 21.2 percent from a year earlier, according to the Statistics Korea.

Business-to-business (B2B) sales, which account for more than 90 percent of total sales, mainly attributed to the record level of cyber transactions. B2B transactions expanded 22.1 percent on- year to 912.56 trillion won in 2011, while business-to-government (B2G) deals grew 10.6 percent to 58.38 trillion won.

Business-to-consumer (B2C) transactions jumped 15.7 percent on- year to 18.52 trillion won last year, with consumer-to-consumer ( C2C) sales advancing 14.8 percent to 9.79 trillion won. (One U.S. dollar equals 1,128.30 won)


Leave your comment0 comments

  1. Name


Selections for you

  1. China's VP meets with Turkish Deputy PM

  2. Wish for good luck on "Eryue Er"

  3. Dragon boat race in China's Hainan Province

  4. PLA’s female student pilots fly into the sky

Most Popular


  1. Finding out truth crucial to resolving Syrian crisis
  2. Deposit reserve ratio cut does not mean policy shift
  3. Is West genuinely trying to 'save' Syria?
  4. China's Linsanity
  5. Ancient technology education program launched
  6. Banks' reserve ratio cut aims to spur growth
  7. China, India should treat competition rationally
  8. China takes responsible attitude towards Syrian
  9. Admire Jeremy Lin for his skills, not the way he looks
  10. VP Xi's U.S. tour hailed as future-oriented landmark

What's happening in China

Tibetan New Year celebrated at Ji'nan Tibet Middle School

  1. Serving the people urged after cyclist's bike found
  2. Chinese company sues Apple over iPad trademark
  3. Foxconn raises wages, reduces overtime hours
  4. Top court clears way on probation pleas
  5. Program to champion rights of nonsmokers

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai