ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Retail

Battle for eBay unit looks to reshape South Korean e-commerce

SK Telecom and Lotte among bidders seeking to catch up with market leaders

Workers process online orders at a distribution center inside a Lotte Mart in Seoul.  (Photo by Kotaro Hosokawa)

SEOUL -- A wide bidding war could erupt over eBay Korea, with South Korea's smaller e-commerce platforms seeing the purchase of the country's third-ranked player as their best hope to survive against the two leaders.

Top South Korean wireless carrier SK Telecom and retail groups Lotte and E-Mart are among the remaining suitors, a brokerage industry source says, as the preliminary round of bids sought by the U.S. parent closed March 16.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more