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LIG Tower, 6-8th Fls., 649-11, Yeoksam-dong, Gangnam-gu Seoul 135-912, South Korea Tel. +82-2-6277-6700 |
Type: Subsidiary
On the web:
http://global.gmarket.co.kr
Employees:
624
Employee growth: 9.1%
Gmarket is in the market to make some G's. The operator of a leading online store in South Korea runs online auctions that allow sellers and buyers to hook up. Gmarket's e-commerce marketplace boasts more than 10 million registered users. It offers more than 4 million items for sale among some 37 product categories, including apparel, computers, consumer electronics, furniture, jewelry, and personal care items. The company, founded in 2000, makes most of its revenue through transaction fees from product sales and through advertising. Gmarket attributes its growth to its broad and savvy base of Internet users and its marketing channel. Online auction behemoth eBay bought a majority stake in Gmarket in mid-2009.
Key numbers for fiscal year ending December, 2008:
Sales: $220.2M
One year growth: (7.5%)
Net income: $44.5M
Income growth: 25.2%
Officers:
Chairman: Ki Hyung Lee
CEO and Director: Young Bae Ku
Senior Managing Director and CFO: Duckjun (D.J.) Lee
Competitors:
Daum Communications
GS Home Shopping
Yahoo!
