Our inability to attract, hire and retain qualified staff on a cost efficient basis may have a material adverse effect on our business, prospects, financial condition, results of operations and ability to successfully implement our growth strategies. Our total revenues increased by Below is the same product, except with more payment options. For example, under the Copyright Act, a person may demand suspension of reproduction or transmission of his or her works without his or her permission and in such circumstances, the online service provider must immediately suspend the reproduction or transmission of such works and notify the person of such remedial acts. To prevent a similar security breach from happening at our call centers, we have developed and applied a security policy for access control, validation and monitoring, and continuously consult our call centers about information security. Our telephone number is
Our inability to stop third parties from using our brand names may hurt our reputation, impede our ability to improve our brand name recognition and harm our business. Persons already engaged in the business of electronic finance must obtain a license or register with the FSC within three to six months from the effective date of the EFTA, depending on the type of services in which such person is engaged. Increases in the amount of fees charged by delivery companies, credit card fees charged by credit card issuers and value-added tax levied by the Government may decrease the volume of transactions which take place on our website and may negatively impact our net income. Title of Each Class. Here are the top five reasons why knowing Korean will make your Gmarket shopping life better: Our sales and marketing expenses, which represented
In Maywe also began offering mobile payment options.
The Act does not specifically state that a distance selling intermediary has reporting obligations applicable xtudy a business engaged in distance selling.
Net cash used in investing activities primarily consists of cash on deposit, capital expenditures and restricted cash. If you are a qualified resident in a country that has entered into a tax treaty with Korea, sudy may qualify for a reduced rate of Korean withholding tax with regard to any dividends paid.
We conduct random checks of listed products to review the product descriptions for accuracy and confirm that the products themselves, or the sale of the products, do not violate applicable laws and regulations, including trademark and copyright laws.
How to Sell on GMarketKorea Marketplace Integration – CedCommerce :
Risks Related to Doing Business in Korea. This is especially true in Korea where many do most of their shopping from the comfort of their homes so they can spend more time having fun in Seoul or fun in other parts of Korea. Our marketing functions are divided into two roles: They have a terrific way of working there customers, They are always available, they’re very very well trained and understand the problems that we have as online sellers with various marketplaces.
Our effective tax rate in was 6.
Studj allocated to participating preferred shareholders. The preparation of these financial statements requires us to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, contingent liabilities, and revenues and expenses during the reporting periods.
Error Notification While uploading errors are recorded. Although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements. We believe one unique feature of the GSM program is it allows sellers to upload listings for multiple items with minimal effort, which saves a significant amount of time.
We have developed a scalable e-commerce marketplace based csae a proprietary exchange trading platform. Our website also has an easy-to-use search engine, which allows customers to find specific products quickly and easily. This total amount does NOT include domestic delivery fee.
This is especially true if you live in Korea.
As a result, you may not be able to exercise your right to vote, and you may lack recourse if your common shares are not voted as you requested. Coupang, for example, claims its diaper prices are the lowest in the country; Coupang is presumably subsidizing the price by investing marketing dollars. Other events that we do not currently anticipate or that we currently deem immaterial also may affect our results of operations and financial condition.
As we do not check or obtain signatures for credit card purchases, we may be liable for fraudulent credit card transactions.
How to Sell on GMarketKorea Marketplace Integration – CedCommerce
Any cass developments may have a negative effect on our GMV, as well as our ability to attract and retain users and is likely to have a material adverse effect on our business, prospects, financial condition and results of operations. For example, inour third quarter results were adversely affected by the Chuseok holiday that fell on Monday, Tuesday and Wednesday, resulting in a five-day weekend. Interpark Corporation, our largest shareholder, also competes with us.
Forward-looking statements include, but are not limited to, the following:.
We are dependent on certain key members of our senior management team and caxe loss of such personnel may have a material impact on our ability to achieve our business fase, including our ability to manage our rapid growth and successfully implement our strategic initiatives. In order to qualify as a designated third party under the Presidential Decree of the E-Commerce Consumer Seller Protection Act and represent ourselves as such third party, we deposited three billion Won with Hana Bank in April to guarantee the payment deposited by purchasers and became a designated third party.
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Some even sell products at a loss for that reason. Under the deposit agreement governing the ADSs, if we offer rights to subscribe for additional common shares, the depositary under the deposit agreement, after consultation with us, may make such rights available to gmarkeg or dispose of such rights on behalf of you and make the net proceeds available to you or, if the depositary is unable to take such actions, it may allow the rights to lapse with no consideration to be received by you.
Korea entered into a shareholders agreement with us, Interpark Corporation and DutchCo, which provides for, among other things, preemptive rights to Yahoo!
Ecommerce comprises roughly 10 percent of retail sales in the country. Although we do not rank our buyers by purchase volume or frequency, we reward our repeat buyers by offering memberships in loyalty discount programs.
Non-seller advertisement revenues increased by