Ebay Gmarket Co Ltd, formerly Gmarket Inc., is a retail e-commerce marketplace in Korea, offering buyers a selection of products and sellers a sales solution. It derives its revenues primarily from transaction fees on the sale of products on its Website, as well as from advertising fees and others. Gmarket’s e-commerce marketplace is located at www.gmarket.co.kr. As of December 31, 2008, the Company had 15.7 million registered users. Its Website is organized into various product groupings and categories. Products listed for sale are accompanied by photographs in multiple sizes, summary descriptions, user ratings, customer comments and reviews, together with discounts or other promotions offered on the products, if any. The Company’s Website also has a search engine, which allows customers to find specific products. In November 2008, the Company launched an English-language Website targeted at the Singaporean market at www.gmarket.com.sg through a partnership with Yahoo! Southeast Asia.