# eBay explores strategic alternatives for marketplace in Korea | Tech News (HT Tech) > eBay Inc. is exploring a potential sale of its online marketplace in South Korea, the latest step in a reorganization that has already hived off several units from the main U.S. e-commerce business. # eBay explores strategic alternatives for marketplace in Korea ## eBay Inc. is exploring a potential sale of its online marketplace in South Korea, the latest step in a reorganization that has already hived off several units from the main U.S. e-commerce business. Aug 21 2022, 14:35 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![eBay continued to grow at a slower pace than rivals](https://images.hindustantimes.com/tech/img/2021/01/20/1600x900/office-ebay-sign-building-seen-california-jose_fc5a6f96-9f9b-11e8-851c-9c4102be3c4e_1611108332216.jpg) eBay continued to grow at a slower pace than rivals (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG The San Jose, California-based company said it has “initiated a process to explore, review, and evaluate a range of strategic alternatives for its Korea business. The company is considering options that would maximize value for its shareholders and create future growth opportunities for the business.” eBay enjoyed a boost during the pandemic as shoppers flocked online, but it continued to grow at a slower pace than rivals, including Amazon.com Inc. Also read click here. eBay has 183 million active buyers and about 11% of its annual revenue comes from South Korea. Chief Executive Officer Jamie Iannone, who took the helm in April, is still trying to show that a slimmed-down eBay can lure customers and get them to spend more on the site. Under pressure from activist investors, eBay last year sold its event-tickets marketplace StubHub to Viagogo for $4.05 billion and its classifieds business to Norway’s Adevinta ASA in a cash-and-stock deal worth $9.2 billion that left eBay with a 44.4% stake in the company. 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