The companies plan to make further investments in the JV, which will own 100% of Gmarket. Both Gmarket and AliExpress Korea will continue to operate their platforms independently.

The two retail giants will each have 50 percent of shares in the joint venture, which will include AliExpress Korea and Gmarket as its subsidiary, according to Shinsegae Group on Thursday. Gmarket and ...

Shinsegae Group's e-commerce platform Gmarket will establish a joint venture with China's e-commerce platform AliExpress Korea and enter into joint management. According to related industries on ...

Alibaba (BABA) Group’s AliExpress International agreed to merge its South Korean operations with E-Mart’s e-commerce platform, Gmarket, in a 50-50 joint venture, according to a stock exchange ...

SEOUL, South Korea — North Korean state media reported for the first time Wednesday on the political instability in South Korea, focusing on mass protests calling for the ouster of President ...

Police vehicles were seen outside of Yoon's residence in Seoul. Investigators abandoned an hours-long effort to detain South Korea's impeached President Yoon Suk Yeol at his residence in Seoul on ...

Protesters attend a rally demanding the arrest of impeached South Korean President Yoon Suk Yeol in Seoul on Jan 4, 2025. The letters read "Dismiss Yoon Suk Yeol". (Photo: AP/Ahn Young-joon ...

South Korea’s flag carrier Korean Air Lines has acquired a controlling stake in Asiana Airlines for about $1 billion, combining the country’s biggest and second-largest airlines. Korean Air ...