Last fall, eBay acquired Korean auction site Gmarket for roughly $1.2 billion to expand to the Korean e-commerce market. Today, eBay is announcing a partnership with Gmarket founder Young Bae Ku to expand Gmarket’s existing online marketplaces in Japan and Singapore. Ku will become CEO of the new entity. eBay will have a 49% stake in the joint venture and eBay and Ku will both put $10 million …
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