Interpark is a South Korean company launched as an
online
In computer technology and telecommunications, online indicates a state of connectivity and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed "on line" or ...
auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition ex ...
website and
shopping mall
A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refe ...
. In 2014, it entered the Korean music industry as a record distributor.
History
1996 - Established the first online shopping mall, Interpark, by Lee Ki Hyung
1997 - Started online bookstore service
1999 - Listed on KOSDAQ. Started online tour booking service.
2000 - Selected as ticket sales agency of 2002 FIFA World Cup. Established
Interpark Gmarket
2002 - Successfully completed its role as ticket sales agency of 2002 FIFA World Cup
2004 - Ranked as number one online bookstore. Started online open market service
2006 - Established Interpark Mobile. Listed Interpark Gmarket on NASDAQ.
2008 - Established Interpark International, Global M&S Co., LTD. Established Interpark INT (merge shopping, bookstore, ENT).
2009 - Changed CL. Sold Interpark Gmarket to
eBay
eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became a ...
.
2011 - Took over IMK (I Market Korea), a MRO firm. Established Interpark Global (US) and logistic center in US.
2014 - Launched Global shopping site. Listed Interpark INT on KOSDAQ. Entered the
music industry
The music industry consists of the individuals and organizations that earn money by writing songs and musical compositions, creating and selling recorded music and sheet music, presenting concerts, as well as the organizations that aid, train, ...
through the release of ''
Hotel King OST.''
2018- Established on March 16, 2018, Interpark Academy, then the company changed to its current name on July 6, 2021.
2021- On July 21, 2021, Interpark announced that it established a subsidiary label, Interpark Music Plus, for its idol group production business, that same year the girl group
Laboum
Laboum (; stylized as LABOUM) is a South Korean girl group currently under Interpark Music Plus. They debuted in 2014 under NH Media and Nega Network's joint venture Global H. Their name is taken from the French term meaning "The Party".
Hist ...
signed a contract with them. It is also shown that the label is preparing to launch a new male idol group during the year.
2022- Interpark Music Plus announced its first male idol group called
Trendz. Trendz made their debut on January 5, 2022, with their first mini album "''Blue Set Chapter 1. Tracks"''.
Items and services
Collectibles, appliances, computers, furniture, equipment, vehicles, food, tickets, clothes, jewellery and many other categories of items are listed, bought and sold via Interpark. Started as Korea's first online shopping mall, Interpark expanded into tickets, online bookstore and tour bookings.
Interpark provides international service, in English, Chinese and Japanese through its global website, Global Interpark.
Around 20 million members are registered and more than 47 million products are listed on Interpark platform.
Interpark covers all area of business including
B2B, B2C and C2C.
Global site
In October 2014, Interpark launched a global version of its site, "Global Interpark". Global Interpark operates in Korean, English, Chinese and Japanese. Global Interpark offers international shipping to over 230 countries. Global Interpark offers payment options including
PayPal
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper ...
,
Alipay
Alipay () is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company An ...
and major
credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
company.
Cosmetics, Fashion, Kids, Leisure, Digital, Living, K-pop and other items are listed on the page. Items are mostly Korean brands and they are described in detail with each language(Korean, English, Chinese and Japanese).
Profit and transactions
Interpark generates its income by collecting service fees from sellers. Some items are directly sold by Interpark.
The total transaction amount in year 2014 was US$545 million. The online book store department's total transaction amount was US$204 million.
See also
*
Electronic commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
*
Online auction business model
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. Similar to in-person auctions, online auctions come in a variety of types, with d ...
*
Shopping mall
A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refe ...
Labels
*Interpark Music Plus
References
External links
Interpark HomepageGlobal Interpark HomepageInterpark Stock Quote
{{K-pop, collapsed
Online retailers of South Korea