eBay Korea is in play, and its sale could shake up the already cutthroat e-commerce market.
eBay may be selling its Korean unit, which operates Gmarket and Auction.
Transactions made on e-commerce website Coupang last year reached an estimated 21.75 trillion won ($19.8 billion), up 41 percent from an estimated 15.41 trillion won the previous year
Kim Bom, the founder of Coupang, has resigned as the chief executive officer of the company and has been named chairman. He has also lost the title of representative director.
Amid soaring coronavirus case numbers in Korea, consumers have been on edge due to the possibility that the social distancing level could be raised, and they would not have access to local major markets and department stores.
Online shopping vendors that built their websites with Cafe24, a Korean e-commerce platform provider, are now able to automatically update their products on Facebook Shops.
As the Covid-19 pandemic continues, retailers are diversifying the alcoholic beverages and packaged food they have on offer, targeting people planning to host a party at home this Christmas.
Coupang generated the third-largest number of jobs in Korea in the third quarter after Samsung Electronics and Hyundai Motor, according to data provided by the National Pension Service and industry tracker CEO Score.
Cosmetics maker Amorepacific announced Tuesday it has invested 3 billion won ($2.7 million) in media start-up DMIL to expand its digital presence in the cosmetics market.
Drafting off of sales holidays in other countries, Korea e-commerce operators enjoyed strong sales in early November.