Ebay to sell Korean online retail platforms
Posted : 2021-01-20 16:37
By Kim Jae-heun
American multinational e-commerce corporation eBay is in the process of selling its Korean online retail platforms G-Market, Auction and G9 for an estimated 5 trillion won.
According to reports, Wednesday, eBay said it has initiated a process to explore, review, and evaluate a range of strategic alternatives for its Korean business. The company is considering options that would maximize value for its shareholders and create future growth opportunities for the business.
Ebay has 183 million active users and 11 percent of its annual sales comes from Korea.
eBay has been reviewing the sale of its Korean e-commerce platforms over the past few years, but this is the first time that the company has officially confirmed it.
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