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Tag: SOUTH-KOREA

eBay buys into South Korean auction market

Now that eBay is ridding itself of StumbleUpon and spinning off Skype into a standalone company, it can focus on what it does best: auctions and sales. Reuters reports that eBay has offered to buy South Korea's Gmarket for as much as $1.2 billion. Gmarket is the top e-commerce site in South Korea. Right now Yahoo! owns a 10 percent stake in the company, which it has offered to sell to eBay, ...