E-Mart to buy 80% stake in eBay's South Korean business for $3b

E-Mart to buy 80% stake in eBay's South Korean business for $3b

Photo: eBay

South Korean retailer Shinsegae Group’s E-Mart Inc said on Thursday it plans to acquire 80% stake of eBay Inc’s South Korean business for 3.4 trillion won ($3 billion), E-Mart said in a regulatory filing.