Shinsegae Group’s Emart to acquire eBay’s Korea businesses

eBay's South Korea office

South Korean Shinsegae Group’s discount chain Emart has signed an agreement to acquire an 80% stake in eBay’s Korean e-commerce business for Krw3.44 trillion ($3bn).

Retailer Lotte Shopping also reportedly made a bid for eBay’s South Korean business earlier this...

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