eBay, the world’s largest online marketplace, will build its Asia-Pacific regional management center in Korea early next year, mainly due to the excellent IT infrastructure and high-quality workforce found there, eBay CEO said Wednesday.

eBay’s Asia-Pacific regional headquarters will be established in Seoul in January 2006. To that aim, Meg Whitman, CEO and president of eBay, and Commerce-Industry-Energy Minister Lee Hee-beom Wednesday signed a memorandum of understanding (MOU) at Pusan’s Metropolitan City Hall.

eBay said the center will focus on the growth of its current businesses in Asia and expansion into new markets.

Outside the United States, Korea is the world’s third-largest eBay market after Germany and England. Its annual B2C market reaches $8.7 billion and could increase to $385 billion when the B2B market is included.

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Posted: 11|17|05 at 9:05 am. Filed under: Auction News.