Tag: Gmarket

Gmarket

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FTC orders seven major e-commerce platforms to revise unfair user agreements

Korea's antitrust regulator on Monday ordered changes to unfair user agreements of seven major e-commerce platforms in an effort to better protect consumer rights.

2026.4.27

Coupang trucks are seen at a logistics center in downtown Seoul on Dec. 30, 2025. [NEWS1]

Rival platforms gain as beleaguered Coupang hemorrhages users

Coupang is losing users, and its rivals are moving quickly to capture the spillover across fast delivery, fashion and grocery services.

2026.1.8

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James Chang, CEO of Gmarket, explains the company's strategy during a press conference held on Oct. 21 at Coex in southern Seoul. [YONHAP]

Gmarket CEO acknowledges recent cybersecurity case, notes timing of the incident

Gmarket CEO James Chang acknowledged a recent incident involving the suspected unauthorized use of customer information on the e-commerce platform, saying his company proactively reported the matter to Korea's financial watchdog.

2025.12.4

Gmarket suffers unauthorized payment incident affecting 60 users amid hacking woes

Financial authorities have begun an emergency on-site inspection of the major e-commerce platform Gmarket Inc. after reports of unauthorized mobile payments, representatives said Wednesday.

2025.12.3

Gmarket CEO James Chang speaks during a press conference on Oct. 21. [YONHAP]

Gmarket to invest $490M in push with Alibaba to sell Korean goods abroad

Gmarket plans to invest 700 billion won next year as it focuses on selling Korean goods to overseas consumers in cooperation with Alibaba's AliExpress.

2025.10.21

Gmarket expands sellers' reach in Southeast Asia with Lazada partnership

Gmarket has partnered with Lazada, a Southeast Asian e-commerce platform owned by Alibaba International, to help expand the global sales channels of its 600,000 registered sellers, the commerce company said Monday.

2025.9.29

Shinsegae Department Store in Myungdong, central Seoul is seen on Dec. 26, 2024. [YONHAP]

Shinsegae appoints 32 new executives, including first woman CEO

Shinsegae Group announced its 2026 regular executive appointments, marking its first large-scale reshuffle since last year. The change signaled a clear focus on performance and generational change.

2025.9.26

E-commerce platforms GMarket and AliExpress [GMARKET, ALIBABA]

FTC approves Gmarket-AliExpress joint venture

Korea’s Fair Trade Commission (FTC) has approved the establishment of a joint venture between Gmarket and AliExpress, on the condition that the two companies do not share domestic consumer data in the online cross-border shopping market.

2025.9.18

Shinsegae signed a deal with Alibaba to create a joint venture that will operate their respective e-commerce platforms GMarket and AliExpress. [GMARKET, AliExpress]

Shinsegae shares drop as Alibaba deal deemed unlikely to increase short-term profits

Shinsegae Group shares dropped Friday as analysts said the retail group's recent deal with Alibaba to form a joint venture on their respective online marketplaces was not likely to increase profits for shareholders in the short term.

2024.12.27

Shinsegae, Alibaba to form $4B joint venture amid intensifying e-commerce rivalry

Shinsegae Group and Alibaba International will form a $4 billion joint venture in 2025 to run their e-commerce sites, Gmarket and AliExpress Korea.

2024.12.26