South Korean e-commerce market in September sales grew 45%

November 7th, according to the latest statistics released by the National Bureau of statistics show that due to seasonal factors, South Korea's e-commerce sales in September reached a record level.

South Korea's Yonhap news agency reported that in September the amount of e-commerce transactions in South Korea reached 947 billion won (about $903 million), an increase of 45% over the same period in 2004, an increase of more than in August of this year by 7.2%. The volume of e-commerce transactions in September was the highest since July. E-commerce transactions in July amounted to 892 billion won (about $850 million).

South Korea's Bureau of Statistics said that in the third quarter of this year, South Korea's e-commerce transactions amounted to 2 trillion and 720 billion won (about $2 billion 600 million), an increase of about 10% over the same period in 2004. September Mid Autumn Festival before the sharp increase in online sales is the main factor to promote the growth of the Korean e-commerce market in September. In September this year, the number of online stores in South Korea increased by about 107 than in the year of August, bringing the total number of online stores in South Korea to 4071. (