Gmarket Inc. Announces Intention to Delist Voluntarily Its American Depositary Shares From the NASDAQ Global Select Market

  Gmarket Inc. (NASDAQ: GMKT) announced
today that it has notified the NASDAQ Stock Market of its intention to
delist voluntarily its American Depositary Shares (the "ADSs") from the
NASDAQ Global Select Market.  Gmarket is taking the action to delist the
ADSs because of the small number of record holders and outstanding ADSs
that it expects to remain following the completion of the tender offer by
eBay KTA (UK) Ltd., a wholly owned subsidiary of eBay Inc., for all
outstanding common shares and ADSs of Gmarket, and because it expects that
the ADSs will not meet the continuing listing standards of the NASDAQ
Global Select Market following the completion of the tender offer.  The
initial offering period of the tender offer expired at 12:00 midnight, New
York City time, on Friday, June 12, 2009, and the subsequent offering
period for all common shares and ADSs that were not tendered in the initial
offering period will expire at 5:00 p.m., New York City time, on Monday,
July 20, 2009 (which is 6:00 a.m., Seoul time, on Tuesday, July 21, 2009).
Gmarket has not and does not intend to arrange for the listing of the ADSs
on another securities exchange or for quotation of the ADSs in a quotation
medium.

About Gmarket

Gmarket Inc. is a leading retail ecommerce marketplace in Korea, offering buyers a wide selection of products at competitive prices and sellers a comprehensive and flexible sales solution. Gmarket's ecommerce marketplace is highly scalable and facilitates the sale of products in small or large quantities to a large number of potential buyers in a convenient, cost effective and secure manner. Gmarket was founded in April 2000 and listed on Nasdaq in June 2006. Gmarket's e-commerce marketplace is located primarily at http://www.gmarket.co.kr.

CONTACTS: Paul J. Lee Gmarket Inc. [phone] Email Contact In the U.S.: Joseph Villalta The Ruth Group [phone] Email Contact