KoreaCrunch

The Korea Fair Trade Commission(KFTC), South Korea's anti-trust watchdog approved conditional approval for U.S. online auction site eBay Inc.'s bid to buy into very big online retailer Gmarket (http://www.gmarket.co.kr) The eBay's Korean property, Internet Auction (http://www.auction.co.kr) also has been very big player in this area. So Gmarket and Internet Auction eBay's South Korean unit, when combined would control 87.2 percent of the local online retail market. You may wander this makes anti-trust issue for existence of big player with exclusive market share. For your understanding, online shopping was divided into two categories of retail (B2C) and auction(C2C). Internet Auction ...