Gmarket Receives Prime Minister's Award at Korea Distribution Awards for "Contributions to Supporting Small Businesses"

The Only E-commerce Company

Gmarket announced on the 22nd that it received the Prime Minister's Award at the ‘28th Korea Distribution Awards’ hosted by the Ministry of Trade, Industry and Energy.

Gmarket was recognized for its contribution to supporting small business owners' e-commerce sales and revitalizing the local economy, receiving the Prime Minister's Award in the Win-Win Cooperation category at the awards ceremony held on the 21st. It was the only e-commerce company to receive this honor.

Gmarket operates the largest comprehensive support solution in Korea for small merchants and local businesses to support their online sales. First, to ease the burden on selling members, it has frozen sales fees since 2019 and maintains the lowest level across the entire distribution sector. Additionally, it introduced the industry's first ‘Fast Settlement’ service in 2014, providing payment the day after product shipment, offering practical support measures. The fast settlement system especially helps small and medium-sized sellers with cash flow, enabling new businesses to start online sales without financial burden.

Furthermore, it provides free step-by-step online startup education called 'eBay Edu' for sellers. Over the past three years, it has supported more than 400 sales training sessions. For 15 years, it has held the ‘e-Marketing Fair,’ a win-win festival to expand online sales channels for local merchants nationwide, achieving sales performance of 1.2 trillion KRW.

Jeon Hang-il, CEO of Gmarket (center), is taking a commemorative photo after receiving the Prime Minister's Award at the 'Korea Distribution Awards' held at the Korea Chamber of Commerce and Industry on the 21st.
[Photo by Gmarket]

Various marketing supports are also provided to help develop sales channels and activate sales. It launched the ‘Small Business Companion Market,’ a specialized market where local small business owners can continuously promote excellent products, and supports the ‘Small Business Live Broadcast,’ open to all small and medium-sized merchants. It offers broadcasting opportunities to small sellers who face difficulties with cost burdens and securing exposure slots, providing full production support free of charge. This year, 100 broadcasts were conducted with 145 small sellers, recording a total of over 16 million views.

In addition, Gmarket is working on a major overhaul of the registration process and building a database (DB) for easy product registration and management by sellers, creating a competitive product data management system.

Jeon Hang-il, CEO of Gmarket, said, "As Korea’s largest open market platform, Gmarket operates various support programs so that small and medium-sized merchants can demonstrate their capabilities both domestically and internationally," adding, "We will continue to provide unwavering support and cooperation for mutual growth and win-win with domestic small sellers."

This content was produced with the assistance of AI translation services.