{"id":105721,"date":"2021-06-07T18:04:53","date_gmt":"2021-06-07T10:04:53","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=408390"},"modified":"2021-06-07T18:04:53","modified_gmt":"2021-06-07T10:04:53","slug":"s-korean-retail-firms-lotte-and-shinsegae-bid-for-ebay-korea-3","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2021\/06\/07\/s-korean-retail-firms-lotte-and-shinsegae-bid-for-ebay-korea-3\/","title":{"rendered":"S.Korean retail firms Lotte and Shinsegae bid for eBay Korea"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\" width=\"200\" height=\"150\" alt=\"MediaIntel.Asia\"><\/a><\/div>\n<p>S.Korean retail firms Lotte and Shinsegae bid for eBay Korea By Syndicated Content Jun 7, 2021 &#124; 2:45 AM<br \/>\nSEOUL (Reuters) \u2013 South Korean retailers Lotte Shopping and Shinsegae Group entered separate binding bids for eBay\u2019s South Korean business, the retailers\u2019 spokesmen said on Monday.<br \/>\neBay Korea \u2013 South Korea\u2019s third-largest e-commerce firm with a 12.8% market share in 2020, according to Euromonitor \u2013 is on sale for what eBay hopes could be up to 5 trillion won ($4.5 billion), analysts said.<br \/>\nThe retailers\u2019 spokesmen declined to comment on the terms of their bids. An eBay Korea spokeswoman also declined to comment.<br \/>\nLocal retail giants Lotte and Shinsegae have struggled to catch up to leading competitors like South Korea\u2019s No. 1 e-commerce firm Coupang in the fast-growing online shopping sector, especially after the onset of COVID-19.<br \/>\nSouth Korea\u2019s online shopping transactions were worth 161 trillion won in 2020, accounting for a record 27.2% of total retail transactions, up from 21.4% in 2019.<br \/>\n($1 = 1,113.1100 won)<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.Korean retail firms Lotte and Shinsegae bid for eBay Korea By Syndicated Content Jun 7, 2021 &#124; 2:45 AM<br \/>\nSEOUL (Reuters) \u2013 South Korean retailers Lotte Shopping and Shinsegae Group entered separate binding bids for eBay\u2019s South Korean business, t&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,194,493,1002,615],"tags":[10324,10490],"class_list":["post-105721","post","type-post","status-publish","format-standard","hentry","category-e-commerce","category-news-chinese-law","category-online-shopping","category-retail","category-south-korea","tag-covid-19","tag-singapore-technology"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/105721"}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=105721"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/105721\/revisions"}],"predecessor-version":[{"id":105722,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/105721\/revisions\/105722"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=105721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=105721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=105721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}