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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now