Gmarket

eBay forms a new joint venture to further expand in Asia

May 7, 2010 - 7:20am | News | Other themes

eBay have partnered with Young Bae Ku, the founder of Gmarket, Korea’s leading e-commerce company acquired by eBay in 2009, to form a joint venture that will allow Gnarket to expand into existing markets in Japan and Singapore while strengthening eBay’s position in these regions.

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eBay buying Gmarket shares from Interpark and Yahoo

April 16, 2009 - 5:54am | News | Other themes

According to The Associated Press Thursday report, eBay Inc. unveiled its plans to pay $1.2 billion for a majority stake in South Korea's top online marketplace Gmarket. It is supposed to become one of the company's largest acquisitions since the company has been purchasing companies throughout the decade. Company intends to do this in a move to build a platform for growth in Korea and also to expand further in Asia.

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eBay is ambitious to dominate Korean online market with Gmarket Inc.

April 13, 2009 - 4:24am | News | Other themes

As eDaily reported on Monday, eBay agreed to acquire a controlling stake in Gmarket Inc, South Korean online retailer, for $413 million, at a 32.5% premium. The final contract is to be signed on Wednesday.

Gmarket, Nasdaq-listed company, runs C2C marketplaces and has more than 10 million registered users in South Korea. It is a strong competitor of eBay's South Korean unit, Internet Auction Co.

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