Yahoo! to Buy into
South Korean GMarket
Dr. Bill Belew
Issue I - June 10, 2006
Introduction by Mr. Stolyarov:
Yahoo! is diversifying its assets and revenue
sources — from
simply being a search engine to entering the online retail market and
becoming a prominent player there. Dr. Belew describes Yahoo!'s recent
bid to acquire the South Korean retailer GMarket as a prime example of
this. This pursuit is wise; if one of Yahoo!'s revenue sources someday
happens to be doing poorly, Yahoo! will always be able to rely on the
Yahoo is planning to pony up $60 million to buy
a 10% share in South Korea's No 2. online retailer
South Korea has one of Asia's fastest growing
Yahoo will buy its steak, I mean, stake, from
the venture capital firm Oak Investment Partners.
It seems Oak Investment is the only significant
outside institutional investor in GMarket; .in other words, Yahoo had to
go through them to get their foot in the door.
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Dr. Bill Belew is a former Intelligence
Officer for a Destroyer Squadron. He lived 20 years in Japan, where he
started a language school for Japanese
Dr. Belew teaches classes for a vocational school and online for a
See Dr. Belew's blog,
for news and discussions about business and current events in Russia and
for Dr. Belew's reports on business in China and
on business in Japan.
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