Add Close Add Close. Our net cash generated from operating activities amounted to Won Our ability to provide a high-quality e-commerce marketplace depends on the continuing, uninterrupted operation of our network and systems infrastructure, including our hardware, software and communications systems, especially given our expected growth in user base and transaction volume. The preparation of these financial statements requires us to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, contingent liabilities, and revenues and expenses during the reporting periods. We have, however, irrevocably appointed an agent in New York to receive service of process in any proceedings in the State of New York relating to our ADSs. The multifarious GMarket Korea Integration extension encompasses every element that facilitates selling:
They may call for an extraordinary shareholders meeting to approve certain actions which may be adverse to our interests or to reject certain business decisions made by us by vetoing, in a shareholders meeting, certain material or extraordinary transactions which may benefit our business, including among others:. The retail e-commerce industry in Korea is very competitive and we expect the competition in this area to continue as a result of a variety of factors, including the consolidation of existing e-commerce companies and new entrants to the market. Our data security systems are multi-layered. Our efforts in protecting our proprietary rights may not be effective in preventing others from using and infringing upon our rights, which may harm our reputation, business, financial condition and results of operations. In February , Microsoft announced its intention to purchase Yahoo! We do not have any long-term employment agreements with any of our employees or executive officers.
Price and Discount Rate Price. This increase was primarily due to a As a result of the foregoing, we recorded a net income of Won Despite our efforts to protect our proprietary information however, third parties may be able to obtain and use our proprietary information without authorization or to develop similar technology independently.
Our e-commerce marketplace is located at www. As an ADS holder, you will not be treated as our shareholder and you may not be able to exercise voting rights. In addition, due to the high volume of transactions that occur on our website on a daily basis, it is impracticable for us to monitor every transaction that takes place.
Just started using it less than a week ago but so far so good. South Korea is the seventh largest retail ecommerce market in the world and the third largest in Asia Pacific, after China and Japan.
How to Sell on GMarketKorea Marketplace Integration – CedCommerce :
We believe factors studh to the commercialization of Internet services in Korea include the following:. You can visit seller’s Minishop easily after adding to Favorite Shop list.
Customer data is stored in databases which are only accessible to employees with special clearance and protected by an access control program. Our top three product groupings as a percentage of GMV were computers and electronics In addition, our payment and delivery tracking systems provide buyers the assurance that their payment is secure and that the product will be delivered in a timely manner.
How to Order from Gmarket like a Pro!
Also, the item selectors are usually in Korean as well. Report Please report any illegal, offensive, or inappropriate items on the site. The multifarious GMarket Korea Integration extension encompasses every element that facilitates selling:. We believe we are a leading retail e-commerce marketplace in Korea based on gross merchandise value, or GMV, which represents the garket value stduy all goods sold on an e-commerce marketplace. Our inability to prevent such items from being listed, displayed or syudy may subject us to lawsuits, sanctions, fines or other penalties, which is likely to adversely affect our business and harm our reputation.
The occurrence of any such event will likely damage our reputation and brand name, as well as our ability to implement effectively our growth strategies, in particular, our strategy to increase our user base and GMV. Our e-commerce marketplace is highly scalable and facilitates the sale of products in small or large quantities to a large number of potential buyers in a convenient, cost effective and secure manner.
Sang Kyu Lee, the chief executive officer of Interpark Shopping, a wholly-owned subsidiary of Interpark Corporation, currently serve as members of our board of directors with Mr.
No assurance can be given that our procedures and network and system capacity will be sufficient to prevent future slowdowns or disruptions, or that our future growth will not necessitate future expense to further improve our network and system capacity. We may agree with the depositary to amend the deposit agreement and the ADRs, without your consent for any reason. Gkarketwe also added SMS functions to enable buyers and sellers to leave online messages and a conference function that enables buyers, sellers, and Gmarket customer gmariet to communicate simultaneously.
We incur legal, accounting and other expenses that we did not incur prior to the listing of our ADSs on the Nasdaq Global Select Market, or Nasdaq, including costs associated with our public company reporting requirements under the Securities Exchange Act ofas amended. We have a service quality management team which is responsible for monitoring reports of listing, display and sales of pirated, counterfeited, prohibited or regulated products.
Sfudy service quality management division monitors transactions from time to time to ensure delivery is conducted in a timely and efficient manner and to address fase recurring problems. Also, we rely on the efficient and uninterrupted services of various third parties, such as banks, mobile phone companies, credit agencies and credit card issuers, to process and remit payments from buyers and sellers as well as other services from telecommunications companies. A reconciliation of income tax expense at the Korean statutory income tax caee to actual income tax expense is as follows:.
We do not have any long-term employment agreements with any of our employees or executive officers. Capital expenditures relate to purchases of computers and servers and other technology systems hardware and software to accommodate the growth of our business. Knowing how to do basic things for yourself makes a huge difference. Ecommerce comprises roughly 10 percent of retail sales in the country.
You can eliminate having to go to the supermarket all together! As a result of the foregoing, we recorded operating income of Won The App is great!