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SK TELECOM
SK Telecom s Chief Executive Park Jung-ho said on Tuesday that it was natural for the country s top mobile carrier to participate in the bidding for eBay Korea, without elaborating further.
A combination of SK s online shopping mall 11Street, with a transaction value of 10 trillion won, and eBay Korea, with 17 trillion won in annual transactions, would create the country s biggest e-commerce player.
With the energy-to-telecom SK Group scaling back on its refining and petrochemical businesses, the acquisition of eBay Korea would balance the group s telecom-heavy business portfolio.
SHINSEGAE
Shinsegae s supermarket chain E-Mart also is keen to buy eBay Korea. The retail group is expected to join forces on the bid with Affinity Equity Partners, the second-largest shareholder of SSG.COM, Shinsegae s e-commerce platform.