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    eBay shops for foothold in Korea

    eBay is looking to expand its overseas reach with plans to acquire a minority stake in the South Korean online e-commerce market Gmarket.
    By Erika Morphy
    18 Aug 2008
    18 Aug 2008

    The company has issued a statement that it is in discussions about a possible acquisition of Inter Park and Ki Hyung Lee's interests in the company.

    Inter Park, a South Korean Web-based mall operator, is the largest shareholder in Gmarket.

    Read the full article here.

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