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EBay explores strategic alternatives for S. Korean business

FILE PHOTO: The eBay logo is pictured on a screen in this photo illustration in New York, U.S., July 23, 2019. REUTERS/Brendan McDermid/Illustration

(Reuters) - EBay Inc said on Tuesday it has started a process to explore a range of strategic alternatives for its South Korean business, which includes Gmarket, one of the largest online marketplaces in the country.

The Korea Economic Daily, a Seoul-based newspaper, reported in March last year that the e-commerce firm was looking to sell its South Korean unit in a deal that could fetch nearly $5 billion.

Reporting by Ayanti Bera in Bengaluru

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