S.Korea's e-commerce sales jump 20.9% in Q1

South Korea's e-commerce sales jumped 20.9 percent in the first quarter from a year earlier, a government report showed Thursday.

E-commerce sales, gauging transactions in the cyberspace, reached 220.91 trillion won (202.6 billion U.S. dollars) in the first quarter, up 20.9 percent from the previous year, Statistics Korea said in a report.

Business-to-business (B2B), or cyberspace transactions among companies, expanded 23.5 percent on-year to 202.56 trillion won during the January-March period.

Business-to-consumer (B2C) sales jumped 23.6 percent on-year to 4.52 trillion won in the first quarter, but consumer-to-consumer ( C2C) transactions edged up 3.1 percent to 2.16 trillion won.

Business-to-government (B2G) sales contracted 10.5 percent to 11.68 trillion won for the first three months of this year.

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