eBay Korea sale on the horizon for eBay

No primary category set

According to Korea Economic Daily eBay are progressing with the sale of eBay Korea which is said to be worth $4.6 billion.

The sale progression is no surprise, it was announced that eBay were planning to sell their South Korean units since the beginning of 2020 as part of their reorganization aims. eBay’s first entrance into Korea was in 2000 and despite eBay being known as one of the biggest ecommerce players in Korea, things began to change as competitors started to enter and grow within the market, competition that focused much more on the logistical side of things much more than eBay have.

It’s probably not a surprise thatAmazon who we know are hugely logistical made their way into the Korean market in 2017 and began their head to head with eBay who were South Korea’s third largest retailer at the time.

eBay Korea sale obstacles:

It depends on which company makes the purchase but the platform could see success under some of the big well established Korean retail companies. At the moment obstacles to the sale include the $4.6 billion price tag which insiders state should be lower and the clash of buyers that could arise from the sale of food delivery app Yogiyo.

RELATED POSTS..

eBay Petition to simplify EPR for EU SMEs

eBay Petition to simplify EPR for EU SMEs

Margherita Maccapani Missoni personal Vintage and Pre-Loved Fashion on eBay

Margherita Maccapani Missoni personal Vintage and Pre-Loved Fashion on eBay

eBay reveals confusion over 'side hustle tax' rules

eBay reveals confusion over ‘side hustle tax’ rules, HMRC reassures

eBay further differentiate Business Sellers from Private Sellers

eBay UK further differentiate Business Sellers from Private Sellers

eBay BLACKFRIDAY20 Deals are live!

eBay BLACKFRIDAY20 Deals are live!

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars