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S. Korea's e-commerce sales hit all-time high in 2012
SEJONG, Feb. 27 (Yonhap) -- South Korea's e-commerce sales jumped to an all-time high in 2012, driven by expanded transactions in cyberspace between businesses, a government report showed Wednesday.

   Online sales totaled about 1,144.69 trillion won (US$1.05 trillion) last year, up 14.5 percent from the 999.58 trillion won tallied in the previous year, according to the report by Statistics Korea.

   The amount is the largest ever since related data started to be compiled in 2001.

   Cyberspace transactions increased across the board, with sales between businesses leading the growth.

   The report showed that business-to-business (B2B) transactions, which made up more than 90 percent of all cyberspace sales, came to 1,050.99 trillion won, up 15.1 percent from a year earlier. Business-to-government (B2G) sales also gained 6.6 percent on-year to 62.26 trillion won.

   Business-to-consumer (B2C) deals grew 6 percent to 19.64 trillion won while consumer-to-consumer (C2C) transactions jumped 20.6 percent to 11.80 trillion won, the report showed.

   Meanwhile, cyber shopping sales mostly involving B2C and C2C transactions increased 11.3 percent on-year to 32.35 trillion won in 2012, according to the report.