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Shinsegae-led Consortium Picked as Preferred Bidder for eBay Korea

Shinsegae-led Consortium Picked as Preferred Bidder for eBay Korea

SEOUL, June 16 (Korea Bizwire) — A South Korean conglomerate Shinsegae-led consortium has been picked as the preferred bidder for eBay Korea, the South Korean unit of e-commerce giant eBay, beating its local rival Lotte Shopping and heralding a seismic change in the country’s e-commerce sector, industry sources said Wednesday. The Shinsegae-Naver consortium reportedly offered [...]

Lotte, Shinsegae Submit Bids for eBay Korea

Lotte, Shinsegae Submit Bids for eBay Korea

SEOUL, June 7 (Korea Bizwire) — South Korean retail giants Shinsegae and Lotte Shopping submitted their bids to take over South Korea’s third largest e-commerce retailer, eBay Korea, a deal that will shake up the country’s e-commerce retail segment, retail industry sources said Monday. According to the sources, the two retail behemoths submitted their letters [...]

Retail Industry Competes over Acquisition of eBay Korea and Yogiyo

Retail Industry Competes over Acquisition of eBay Korea and Yogiyo

SEOUL, May 14 (Korea Bizwire) – The fierce competition over the acquisition of eBay Korea and Yogiyo is sweeping through the merger and acquisition (M&A) market in the retail industry. The acquisition of South Korean unit of the U.S. online shopping giant has attracted Lotte Shopping Co., E-Mart Inc. from Shinsegae Group, SK Telecom Co. [...]