E-COMMERCE MAJOR EBAY IS SELLING ITS UNIT IN SOUTH KOREA

Highlights

• Sources claim that this consortium consists of biggest bricks-and-mortar retailer E-Mart and internet group Naver in South Korea

• E-Mart intends to fund the deal with Won3tn of asset-backed loans with the balance paid by its cash holdings, and on the other hand Naver will contribute Won100bn

According to the reports, the US-based e-commerce company eBay has decided to sell its South Korea b....