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    A139480   KR7139480008

E-MART INC.

(A139480)
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E-Mart to Buy eBay's South Korean Unit for $3 Billion

06/24/2021 | 02:26am EDT

By Kwanwoo Jun

E-commerce platform eBay Inc. agreed to sell an 80.0% stake in its South Korean unit to retailer E-mart for about $3.0 billion, the companies said Thursday.

eBay said the deal valued its unit, which runs G-market, IAC and G-9 online markets, at $3.8 billion. The San Jose, Calif.-based company said it would still retain a 19.99% stake in its South Korean unit after the transaction.

E-mart, a retailer affiliated with the Shinsegae Group conglomerate in South Korea, said in a regulatory filing that its board had confirmed the agreement.

eBay's South Korean unit is the country's third-largest e-commerce business after Naver and Coupang Inc.

E-mart, a late comer to the e-commerce business, would become the second-largest e-commerce business in South Korea if it is combined with eBay's operations in the country, analysts said.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

06-24-21 0426ET

Stocks mentioned in the article
ChangeLast1st jan.
COUPANG, INC. -2.61% 28.31 Delayed Quote.0.00%
DJ INDUSTRIAL 0.10% 34798 Delayed Quote.11.93%
E-MART INC. -0.86% 173000 End-of-day quote.14.19%
EBAY INC. -0.71% 72.99 Delayed Quote.46.29%
NAVER CORPORATION 1.38% 405500 End-of-day quote.38.63%
SHINSEGAE INC. 0.93% 272000 End-of-day quote.13.57%
All news about E-MART INC.
08/11EBay forecasts revenue below estimates as shoppers venture out
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07/28South Korea Stocks Jump as Investors Look Forward to US Fed Chair Powell’s News C..
MT
07/27E-mart to Become Controlling Shareholder of Starbucks Coffee Korea after Additional Sta..
MT
07/27Starbucks to Sell South Korean Unit to GIC, E-Mart
DJ
07/26E-MART INC. (KOSE : A139480) agreed to acquire an additional 17.5% stake in Starbucks Coff..
CI
06/24MARKET CHATTER : Shinsegae's E-Mart to Secure 80% Stake in eBay Korea for $3 Billion
MT
06/24E MART : to acquire 80% stake of eBay's S.Korean business for $3 bln
RE
06/24E-Mart to Buy eBay's South Korean Unit for $3 Billion
DJ
06/17MARKET CHATTER : Shinsegae Group Wins Preferential Right to Acquire eBay Korea
MT
06/16EBay to sell South Korean unit for about $3.6 billion to Shinsegae, Naver -media
RE
More news
Analyst Recommendations on E-MART INC.
More recommendations
Financials
Sales 2021 24 546 B 20,8 B 20,8 B
Net income 2021 793 B 0,67 B 0,67 B
Net Debt 2021 3 112 B 2,64 B 2,64 B
P/E ratio 2021 6,83x
Yield 2021 1,19%
Capitalization 4 807 B 4 070 M 4 077 M
EV / Sales 2021 0,32x
EV / Sales 2022 0,31x
Nbr of Employees 24 806
Free-Float 71,1%
Chart E-MART INC.
Duration : Period :
E-MART Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends E-MART INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 173 000,00 KRW
Average target price 222 640,00 KRW
Spread / Average Target 28,7%
EPS Revisions
Managers and Directors
Gab-Soo Lee Chief Executive Officer & Director
Seok-Bong Kim Head-Finance
Jae-Bung Choi Independent Director
Jeon-Hwan Lee Independent Director
Sang-Rin Han Independent Director
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