October 21, 2008...10:23 pm

Ebay becomes Korean ecommerce monster!

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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.

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