SC TO-T/A

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule TO

Tender Offer Statement under Section 14(d)(1) or 13(e)(1)

of the Securities Exchange Act of 1934

(Amendment No. 2)

Gmarket Inc.

(Name of Subject Company (Issuer))

eBay KTA (UK) Ltd. (Offeror)

eBay Inc. (Parent of Offeror)

(Names of Filing Persons)

Common Shares, par value KRW 100 per share

American Depositary Shares, as evidenced by American Depositary Receipts,

each representing one Common Share

(Title of Class of Securities)

The Common Shares, which are not traded on U.S. markets, have not been assigned a CUSIP number.

The CUSIP number for the related American Depositary Shares is 38012G100.

(CUSIP Number of Class of Securities)

Michael R. Jacobson, Esq.

Senior Vice President, Legal Affairs, General Counsel and Secretary

eBay Inc.

2145 Hamilton Avenue

San Jose, California 95125

Tel: (408) 376-7400

(Name, address, and telephone number of person authorized to receive notices

and communications on behalf of filing persons)

with copies to:

Keith Flaum, Esq. Jane Ross, Esq. Cooley Godward Kronish LLP Five Palo Alto Square 3000 El Camino Real Palo Alto, CA 94306-2155 Tel: (650) 843-5000 Fax: (650) 849-7400 Francis Wheeler, Esq. Cooley Godward Kronish LLP 380 Interlocken Crescent, Suite 900 Broomfield, CO 80021-8023 Tel: (720) 566-4000 Fax: (720) 566-4099

CALCULATION OF FILING FEE

Transaction valuation	Amount of filing fee(2)
U.S. $1,226,750,976(1)	U.S. $68,452.70(2)

(1) For purpose of calculating the amount of filing fee only in accordance with Rule 0-11 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based on the offer to purchase up to 51,114,624 Common Shares, par value KRW 100 per share, or American Depositary Shares, as evidenced by American Depositary Receipts, each representing one Common Share of Gmarket Inc. (the “Company”), at a purchase price of U.S. $24.00 per Common Share or American Depositary Share, net to the seller in cash, without interest and less any required withholding taxes. Such number of shares consists of (i) 50,423,122 Common Shares represented by the Company in the Share Allocation and Tender Offer Agreement, dated as of April 16, 2009, by and among eBay Inc., eBay KTA (UK) Ltd. and the Company (the “Share Allocation and Tender Offer Agreement”) to be issued and outstanding as of the date of the Share Allocation and Tender Offer Agreement, (ii) 539,835 Common Shares represented by the Company in the Share Allocation and Tender Offer Agreement to be issuable upon the exercise of vested and exercisable stock options as of the date of the Share Allocation and Tender Offer Agreement, and (iii) 151,667 Common Shares represented by the Company in the Share Allocation and Tender Offer Agreement to be issuable upon the exercise of unvested stock options that are entitled to accelerated vesting upon a change of control.

(2) The amount of the filing fee calculated in accordance with the Exchange Act equals U.S. $55.80 per U.S. $1,000,000. The filing fee was calculated in accordance with Rule 0-11 under the Exchange Act and Fee Rate Advisory #5 for fiscal year 2009, issued March 11, 2009.

þ Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

Amount Previously Paid: $68,452.70	Filing Party: eBay KTA (UK) Ltd. and eBay Inc.
Form or Registration Number: SC TO-T	Date Filed: May 4, 2009

¨ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

þ Third party tender offer subject to Rule 14d-1.

¨ Issuer tender offer subject to Rule 13e-4.

¨ Going-private transaction subject to Rule 13e-3.

¨ Amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer.  ¨

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

¨ Rule 13e–4(i) (Cross-Border Issuer Tender Offer)

¨ Rule 14d–1(d) (Cross-Border Third-Party Tender Offer)

This Amendment No. 2 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO filed initially with the Securities and Exchange Commission on May 4, 2009 and amended on May 5, 2009 (the “Schedule TO”) by (i) eBay Inc., a Delaware corporation (“eBay”), and (ii) eBay KTA (UK) Ltd., a company organized under the laws of the United Kingdom (the “Offeror”) and an indirect wholly-owned subsidiary of eBay, relating to the offer by the Offeror to purchase all outstanding common shares, par value KRW 100 per share (the “Common Shares”), and all outstanding American Depositary Shares, each representing one Common Share and evidenced by an American Depositary Receipt issued by Citibank, N.A., as depositary (the “ADSs” and, together with the Common Shares, the “Company Securities”), of Gmarket Inc., a company organized under the laws of the Republic of Korea, at a purchase price of U.S. $24.00 per Company Security, net to the seller in cash, without interest and less any required withholding taxes. The offer by the Offeror is subject to the terms and conditions set forth in the Offer to Purchase, dated May 4, 2009, as amended and supplemented by Supplement No. 1 thereto dated June 2, 2009 (“Supplement No. 1”) (which, together with any further amendments and supplements thereto, collectively constitute the “Offer to Purchase”), and in the related Letter of Transmittal for ADSs and Letter of Transmittal for Common Shares (which, together with the Offer to Purchase and any amendments or supplements thereto, collectively constitute the “Offer”). A copy of Supplement No. 1 is being filed with this Amendment as Exhibit (a)(1)(xi). This Amendment is being filed on behalf of eBay and the Offeror.

ITEM 1. SUMMARY TERM SHEET.

Item 1 of the Schedule TO is hereby amended and supplemented by the information set forth in Item 11 below, which information is incorporated herein by reference.

ITEM 4. TERMS OF THE TRANSACTION.

Item 4 of the Schedule TO is hereby amended and supplemented by the information set forth in Supplement No. 1 and Item 11 below, which information is incorporated herein by reference.

ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.

Item 5 of the Schedule TO is hereby amended and supplemented by the information set forth in Supplement No. 1, which information is incorporated herein by reference.

ITEM 11. ADDITIONAL INFORMATION.

Item 11 of the Schedule TO is hereby amended and supplemented by the information set forth in Supplement No. 1, which information is incorporated herein by reference.

Item 11 of the Schedule TO is hereby further amended and supplemented by adding the following:

“On June 2, 2009, eBay and the Offeror issued a press release, a copy of which is attached hereto as Exhibit (a)(5)(ii) and incorporated herein by reference, announcing that the Offer has been extended until 12:00 Midnight (one minute after 11:59 p.m.), New York City time, on Friday, June 12, 2009 (which is 1:00 p.m., Seoul time, on Saturday, June 13, 2009), unless further extended. The Offer had been scheduled to expire at 12:00 Midnight (one minute after 11:59 p.m.), New York City time, on Monday, June 1, 2009 (which was 1:00 p.m., Seoul time, on Tuesday, June 2, 2009) (the “Initial Expiration Date”). The Offer has been extended to allow eBay and the Offeror additional time to distribute to holders of Company Securities certain summary financial information in response to comments received from the staff of the Securities and Exchange Commission.

Based on information provided by Citibank, N.A., the ADS Depositary for the Offer, and Goodmorning Shinhan Securities Co., Ltd., the Common Share Depositary for the Offer, a total of approximately 50,656,000 Company Securities, together representing approximately 99% of the outstanding Company Securities, had been validly tendered and not withdrawn as of the Initial Expiration Date, including Company Securities tendered by guaranteed delivery.”

ITEM 12. EXHIBITS.

Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibits thereto and changing the number of the previously filed Exhibit (a)(5) to Exhibit (a)(5)(i):

“(a)(1)(xi) Supplement No. 1 to Offer to Purchase, dated June 2, 2009”

“(a)(5)(ii) Press Release issued by eBay and the Offeror on June 2, 2009”

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: June 2, 2009

EBAY INC.
By:	/S/ BRIAN H. LEVEY
	Name: Brian H. Levey Title: Vice President, Deputy General Counsel and Assistant Secretary

EBAY KTA (UK) LTD.
By:	/S/ JAY C. CLEMENS
	Name: Jay C. Clemens Title: Director

INDEX OF EXHIBITS

Exhibit Number	Description
(a)(1)(xi)	Supplement No. 1 to Offer to Purchase, dated June 2, 2009*
(a)(5)(ii)	Press Release issued by eBay and the Offeror on June 2, 2009

* Included in mailing to security holders.

EX-99.(A)(1)(XI)

Exhibit (a)(1)(xi)

SUPPLEMENT NO. 1 TO THE

OFFER TO PURCHASE FOR CASH

All Outstanding Common Shares and

All Outstanding American Depositary Shares

(each outstanding American Depositary Share representing one Common Share

and evidenced by an American Depositary Receipt)

of

Gmarket Inc.

at

U.S. $24.00 Net Per Share

by

eBay KTA (UK) Ltd.

an indirect wholly-owned subsidiary

of

eBay Inc.

THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT (ONE MINUTE AFTER 11:59 P.M.), NEW YORK CITY TIME, ON FRIDAY, JUNE 12, 2009 (WHICH IS 1:00 P.M., SEOUL TIME, ON SATURDAY, JUNE 13, 2009), UNLESS THE OFFER IS FURTHER EXTENDED.

This Supplement No. 1 (this “Supplement”) amends and supplements, as set forth below, the Offer to Purchase, dated May 4, 2009 (which, together with any amendments and supplements thereto, collectively constitute the “Offer to Purchase”), relating to the offer by eBay KTA (UK) Ltd., a company organized under the laws of the United Kingdom (the “Offeror”) and an indirect wholly owned subsidiary of eBay Inc., a Delaware corporation (“eBay”), to purchase all outstanding common shares, par value KRW 100 per share (the “Common Shares”), and all outstanding American Depositary Shares, each representing one Common Share and evidenced by an American Depositary Receipt issued by Citibank, N.A., as depositary (the “ADSs” and, together with the Common Shares, the “Company Securities”), of Gmarket Inc., a company organized under the laws of the Republic of Korea (the “Company”), at a purchase price of U.S. $24.00 per Company Security, net to the seller in cash, without interest and less any required withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Letters of Transmittal (which, together with any amendments or supplements hereto or thereto, collectively constitute the “Offer”). The Offer is being made pursuant to the Share Allocation and Tender Offer Agreement, dated as of April 16, 2009, by and among eBay, the Offeror and the Company.

This Supplement should be read together with the Offer to Purchase and the related Letters of Transmittal. All references to and requirements regarding the Offer to Purchase shall be deemed to refer to the Offer to Purchase as amended and supplemented by this Supplement. Except as set forth herein, all terms and conditions of the Offer remain unchanged and in full force and effect. If you have already properly tendered your Company Securities in the Offer, you need not take further action.

Unless the Offer is further extended, the expiration of the Offer will occur on a Saturday in Korea. Holders of Company Securities located in Korea who desire to tender Company Securities in the Offer are urged to complete all of the actions described in the Offer to Purchase necessary for the valid tender of such Company Securities prior to the close of business on Friday, June 12, 2009 in Korea.

Additional copies of the Offer to Purchase, the related Letters of Transmittal, the related Notice of Guaranteed Delivery and any other materials related to the Offer may be obtained at the Offeror’s expense from D. F. King & Co., Inc., the information agent for the Offer (the “Information Agent”), or Goodmorning Shinhan Securities Co., Ltd., the Common Share depositary for the Offer (the “Common Share Depositary”), or from brokers, dealers, commercial banks, trust companies or other nominees that hold ADSs.

The Information Agent for the Offer is:

D. F. King & Co., Inc.

June 2, 2009

The Offer to Purchase is hereby amended and supplemented by adding the following information at the end of Section 10 of the Offer to Purchase entitled “Certain Information Concerning IAC and the Proposed Acquisition of IAC by the Company.” This Supplement should be read in conjunction with the Offer to Purchase, including for terms used but not defined in this Supplement, and with particular reference to Section 10 of the Offer to Purchase.

Summary Unaudited Financial Information. The following tables set forth (i) an unaudited condensed summary of certain portions of IAC’s statement of income, balance sheet and other data as of and for the periods ended on the dates indicated, (ii) an unaudited condensed summary of comparable information for the Company as of December 31, 2008 and for the year ended December 31, 2008 and (iii) unaudited condensed combined financial information for IAC and the Company as of December 31, 2008 and for the year ended December 31, 2008.

The unaudited condensed summary statement of income and balance sheet data for IAC have been derived from IAC’s accounting records maintained in Korean Won and have been prepared in conformity with accounting principles generally accepted in the United States and reflect the application of push down accounting as described below to IAC done in connection with eBay’s acquisition of IAC. The unaudited condensed summary statement of income and balance sheet data for the Company have been derived from the Company’s audited financial statements included in its Form 20-F for the year ended December 31, 2008, filed with the Securities and Exchange Commission on March 16, 2009, which were prepared in accordance with accounting principles generally accepted in the United States.

The unaudited condensed combined financial information for IAC and the Company is presented to illustrate the effects of the combination of IAC and the Company described in this Offer to Purchase based upon historical results of operations. It does not comply with the requirements for pro forma information under Article 11 of Regulation S-X. The unaudited condensed combined statement of income for the year ended December 31, 2008 assumes that the combination of IAC and the Company took place on January 1, 2008. The unaudited condensed combined balance sheet data presents the sum of the balance sheet data of IAC and the Company at December 31, 2008. The unaudited condensed combined financial information is presented for informational purposes and does not reflect any purchase accounting adjustments. The information should not be considered indicative of actual results that would have been achieved had the combination actually been consummated on January 1, 2008 and does not purport to be indicative of balance sheet data or results of operations as of any future date or for any future period.

The unaudited condensed combined financial information reflects the combination of IAC and the Company and for comparative purposes the adoption by the Company of accounting principles applied by eBay in its financial statements that would be material for the relevant period. The adjustments are more fully described in note 2 to the tables below. Both IAC and the Company will be controlled by eBay at the time IAC is acquired by the Company, and eBay will continue to control the Company after such acquisition. As a result, the unaudited condensed combined financial information maintains the historical carryover basis of the acquired assets and assumed liabilities of IAC and the Company and purchase accounting has not been applied.

The acquisition of the Company by eBay will be accounted for under the purchase method of accounting in accordance with Statement of Financial Accounting Standards No. 141 (revised 2007), Business Combinations (“Statement 141”). Under the purchase method of accounting, the total purchase price is allocated to the net tangible and intangible assets acquired and liabilities assumed of the Company in connection with the acquisition, based on their estimated fair values. Determination of purchase accounting adjustments for eBay will not be made until after completion of the Offer.

Staff Accounting Bulletin No. 54, Push Down Basis of Accounting Required in Certain Limited Circumstances, requires the application of push down accounting in purchase transactions that result in an entity becoming substantially wholly owned. In that circumstance, eBay’s cost of acquiring the Company determined

1

under Statement 141 should be pushed down to establish a new accounting basis for the Company’s separate financial statements. While this cannot be done until after the Offer has been completed, note 1 to each of the tables below provides an illustration of the impact of push down accounting on the Company based upon the assumptions set forth therein.

	Year Ended December 31,
	2007 IAC		2008 IAC		2008 Company	Adjustments		2008 Combined(1)
	(in millions of Korean Won) (unaudited)
Statement of income data:
Revenues	174,869		200,538		278,677			479,215
Cost of revenues	79,486		96,647		144,473	-10,919	(2)	230,201
Gross income	95,383		103,891		134,204	10,919	(2)	249,014
Operating income (loss)	(6,041	)	(7,103	)	49,628			42,525
Income (loss) before income taxes	2,088		(7,509	)	66,395			58,886
Net income (loss)	(2,543	)	(10,572	)	56,388			45,816

(1) The 2008 Combined column does not include the effects of push down accounting on the Company in connection with the acquisition of the Company by eBay. It does, however, reflect push down accounting (intangible asset amortization) for IAC in connection with the acquisition of IAC by eBay. The information set forth in this note is for illustrative purposes only and assumes the following: (a) a total purchase price of U.S. $1.2 billion (representing the purchase by the Offeror of 100% of outstanding Common Shares and ADSs of the Company pursuant to the Offer), (b) a conversion of that purchase price at a rate of KRW 1,262 to one U.S. dollar (which was the noon buying rate of the U.S. Federal Reserve Bank of New York in effect on December 31, 2008), and (c) an allocation of approximately KRW 570 billion of the purchase price to net identified intangible assets, approximately KRW 190 billion to net tangible assets and approximately KRW 760 billion to goodwill. Based on these assumptions, the amortization of the intangible assets would approximate KRW 140 billion per year utilizing estimated expected lives consistent with other intangible assets owned by eBay. Operating income and income before income taxes would be reduced by a corresponding amount. The actual allocation of the purchase price to the Company’s assets will require completion of valuations and analyses after conclusion of the Offer and may be very different than this illustration.

(2) Reflects the reclassification of click-through fees incurred by the Company in the amount of KRW 25.3 billion from cost of revenues to operating expenses net of the reclassification of call center cost incurred by the Company in the amount of KRW 14.3 billion from operating expenses to cost of revenues.

	Year Ended December 31,
	2007 IAC	2008 IAC	2008 Company	Adjustments	2008 Combined
	(in millions of Korean Won) (unaudited)
Supplemental operating data:
Gross merchandise volume	2,328,382	2,814,432	3,986,010		6,800,442

2

	As of December 31,
	2007 IAC	2008 IAC	2008 Company	Adjustments	2008 Combined(1)
	(in millions of Korean Won) (unaudited)
Balance sheet data:
Assets:
Cash and cash equivalents	133,913	178,291	79,470		257,761
Short-term financial instruments	21,600	5,800	261,100		266,900
Receivables, net	50,419	47,543	51,725		99,268
Property and equipment, net	10,670	9,949	24,677		34,626
Goodwill and other intangible assets, net	710,614	701,152	5,976		707,128
Other assets	40,797	38,180	29,242		67,422
Total assets	968,013	980,915	452,190		1,433,105
Liabilities:
Payables due to sellers and customer prepayments	74,404	84,249	190,221		274,470
Other payables and accrued expenses	18,443	16,419	31,046		47,465
Other liabilities	13,973	25,512	27,098		52,610
Total liabilities	106,820	126,180	248,365		374,545

(1) The 2008 Combined column does not include the effects of push down accounting on the Company in connection with the acquisition of the Company by eBay. It does, however, reflect push down accounting (net intangible assets) for IAC in connection with the acquisition of IAC by eBay. The information set forth in this note is for illustrative purposes only and assumes the following: (a) a total purchase price of U.S. $1.2 billion (representing the purchase by the Offeror of 100% of outstanding Common Shares and ADSs of the Company pursuant to the Offer), (b) a conversion of that purchase price at a rate of KRW 1,262 to one U.S. dollar (which was the noon buying rate of the U.S. Federal Reserve Bank of New York in effect on December 31, 2008), and (c) an allocation of approximately KRW 570 billion of the purchase price to net identified intangible assets, approximately KRW 190 billion to net tangible assets and approximately KRW 760 billion to goodwill. Based on these assumptions, the net intangible assets of the Company would initially be KRW 1,330 billion higher than reflected above. The actual allocation of the purchase price to the Company’s assets will require completion of valuations and analyses after conclusion of the Offer and may be very different than this illustration.

The foregoing financial information was prepared using Korean Won. The U.S. dollar amounts disclosed in the following unaudited condensed summary statements of income and balance sheet data and unaudited condensed combined financial information are presented solely for the convenience of the reader, and have been converted at the rate of KRW 1,262 to one U.S. dollar, which was the noon buying rate of the U.S. Federal Reserve Bank of New York in effect on December 31, 2008.

3

	Year Ended December 31,
	2008 IAC		2008 Company	Adjustments		2008 Combined(1)
	(in thousands of U.S. Dollars) (unaudited)
Statement of income data:
Revenues	158,905		220,822			379,727
Cost of revenues	76,582		114,479	-8,652	(2)	182,409
Gross income	82,323		106,343	8,652	(2)	197,318
Operating income (loss)	(5,629	)	39,325			33,696
Income (loss) before income taxes	(5,950	)	52,611			46,661
Net income (loss)	(8,377	)	44,681			36,304

(1) The 2008 Combined column does not include the effects of push down accounting on the Company in connection with the acquisition of the Company by eBay. It does, however, reflect push down accounting (intangible asset amortization) for IAC in connection with the acquisition of IAC by eBay. The information set forth in this note is for illustrative purposes only and assumes the following: (a) a total estimated purchase price of U.S. $1.2 billion (representing the purchase by the Offeror of 100% of outstanding Common Shares and ADSs of the Company pursuant to the Offer), and (b) an allocation of approximately U.S. $450 million of the purchase price to net identified intangible assets, approximately U.S. $150 million to net tangible assets and approximately U.S. $600 million to goodwill. Based on these assumptions, the amortization of the intangible assets would approximate U.S. $115 million per year utilizing estimated expected lives consistent with other intangible assets owned by eBay. Operating income and income before income taxes would be reduced by a corresponding amount. The actual allocation of the purchase price to the Company’s assets will require completion of valuations and analyses after conclusion of the Offer and may be very different than this illustration.

(2) Reflects the reclassification of click-through fees incurred by the Company in the amount of U.S. $20.0 million from cost of revenues to operating expenses net of the reclassification of call center cost incurred by the Company in the amount of U.S. $11.3 million from operating expenses to cost of revenues.

	Year Ended December 31,
	2008 IAC	2008 Company	Adjustments	2008 Combined
	(in thousands of U.S. Dollars) (unaudited)
Supplemental operating data:
Gross merchandise volume	2,230,136	3,158,486		5,388,622
	As of December 31,
	2008 IAC	2008 Company	Adjustments	2008 Combined(1)
	(in thousands of U.S. Dollars) (unaudited)
Balance sheet data:
Assets:
Cash and cash equivalents	141,277	62,971		204,248
Short-term financial instruments	4,596	206,894		211,490
Receivables, net	37,673	40,987		78,660
Property and equipment, net	7,884	19,554		27,438
Goodwill and other intangible assets, net	555,588	4,735		560,323
Other assets	30,254	23,171		53,425
Total assets	777,272	358,312		1,135,584

4

	As of December 31,
	2008 IAC	2008 Company	Adjustments	2008 Combined(1)
	(in thousands of U.S. Dollars) (unaudited)
Balance sheet data:
Liabilities:
Payables due to sellers and customer prepayments	66,758	150,730		217,488
Other payables and accrued expenses	13,010	24,601		37,611
Other liabilities	20,216	21,472		41,688
Total liabilities	99,984	196,803		296,787

(1) The 2008 Combined column does not include the effects of push down accounting on the Company in connection with the acquisition of the Company by eBay. It does, however, reflect push down accounting (net intangible assets) for IAC in connection with the acquisition of IAC by eBay. The information set forth in this note is for illustrative purposes only and assumes the following: (a) a total estimated purchase price of U.S. $1.2 billion (representing the purchase by the Offeror of 100% of outstanding Common Shares and ADSs of the Company pursuant to the Offer), and (b) an allocation of approximately U.S. $450 million of the purchase price to net identified intangible assets, approximately U.S. $150 million to net tangible assets and approximately U.S. $600 million to goodwill. Based on these assumptions, the net intangible assets of the Company would initially be U.S. $1,050 million higher than reflected above. The actual allocation of the purchase price to the Company’s assets will require completion of valuations and analyses after conclusion of the Offer and may be very different than this illustration.

5

Manually signed photocopies of the Letter of Transmittal for ADSs will be accepted. The Letter of Transmittal for ADSs, certificates for ADSs and any other required documents should be sent or delivered by each holder of ADSs or such holder’s attorney-in-fact, broker, dealer, bank, trust company or other nominee to the ADS Depositary at one of the addresses set forth below.

The Letter of Transmittal for Common Shares, certificates for Common Shares and any other required documents should be sent or delivered by each holder of Common Shares or such holder’s attorney-in-fact to the Common Share Depositary at the address set forth below or any of its branch offices in Korea.

The ADS Depositary for the Offer is:

Citibank, N.A.

By Mail: Citibank, N.A. Corporate Actions P.O. Box 43011 Providence, RI 02940-3011 By Hand or Overnight Courier: Citibank, N.A. Corporate Actions 250 Royall Street Attention: Suite V Canton, MA 02021

The Common Share Depositary for the Offer is:

Goodmorning Shinhan Securities Co., Ltd.

By Hand:

Goodmorning Shinhan Securities Co., Ltd.

23-2, Yoido-Dong, Youngdeungpo-Gu

Seoul 150-712, Korea

Telephone: 1588 0365 (Korea) (Customer Support Center)

or any of its branch offices in Korea

Questions regarding the Offer, and requests for assistance in connection with the Offer, may be directed to the Information Agent at the address and telephone numbers listed below. Additional copies of the Offer to Purchase, the Letters of Transmittal, the Notice of Guaranteed Delivery or any other materials related to the Offer may be obtained from the Information Agent. You may also contact your broker, dealer, bank, trust company or other nominee for assistance concerning the Offer.

The Information Agent for the Offer is:

D. F. King & Co., Inc.

48 Wall Street

New York, New York 10005

In the U.S. and Canada   (800) 488-8095 (toll free) Outside the U.S. and Canada   (212) 269-5550 (call collect)

EX-99.(A)(5)(II)

Exhibit (a)(5)(ii)

eBay Inc. Extends the Expiration Date for its Previously Announced Tender Offer for All Outstanding Common Shares and American Depositary Shares of Gmarket Inc. to Permit Distribution of Additional Financial Information

San Jose, Calif., June 2, 2009 – eBay Inc. (Nasdaq:EBAY) announced today that it has extended the expiration date for its previously announced tender offer for all outstanding common shares and American Depositary Shares (ADSs) of Gmarket Inc. (Nasdaq:GMKT). The tender offer was commenced by eBay KTA (UK) Ltd., a wholly owned subsidiary of eBay, on May 4, 2009.

eBay is extending the Expiration Date for the tender offer to provide additional time to distribute certain summary financial information to Gmarket securityholders in response to comments received from the staff of the Securities and Exchange Commission (“SEC”). The offer to purchase included summary financial information of Internet Auction Co. Ltd. (“IAC”), a 99.99% owned subsidiary of eBay, prepared in accordance with accounting principles generally accepted in Korea. The offer to purchase will be supplemented to include summary financial information of IAC prepared in accordance with generally accepted accounting principles in the U.S., as well as combined financial information for IAC and Gmarket.

The tender offer, which had been scheduled to expire at 12:00 midnight, New York City time on Monday, June 1, 2009 (the “Initial Expiration Date”), will now expire at 12:00 midnight, New York City time, on Friday, June 12, 2009 (as extended, the “Expiration Date”), unless further extended. Based on information provided by Citibank, N.A., the ADS Depositary for the tender offer, and Goodmorning Shinhan Securities Co., Ltd., the Common Share Depositary for the tender offer, as of the Initial Expiration Date, a total of approximately 50,656,000 common shares and ADSs, representing approximately 99% of the currently outstanding common shares and ADSs, had been validly tendered and not withdrawn as of the Initial Expiration Date, including common shares and ADSs tendered by guaranteed delivery. Securityholders who have already tendered their common shares or ADSs of Gmarket do not have to re-tender their shares or ADSs or take any other action as a result of the extension of the Expiration Date of the tender offer.

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 www.gmarket.co.kr.

About IAC

Founded in 1998 as an online auctioneer, Internet Auction Co. (IAC) has become one of Korea’s leading online marketplaces with more than 21 million registered users. Acquired by eBay in 2001, IAC has played a key role in improving Korea’s retail e-commerce market through greater selection for buyers and diverse sales solutions for sellers. IAC offers a wide range of products such as computers, electronics and sporting goods to a dynamic online community of over 2 million daily unique visitors. IAC’s online marketplace is located at www.auction.co.kr.

About eBay Inc.

Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, Shopping.com, and others. eBay Inc. is headquartered in San Jose, California.

Forward-Looking Statements

This announcement contains forward-looking statements, including statements regarding eBay, IAC and Gmarket, that involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the possibility that the transaction may not close and other risks and uncertainties described in the tender offer documents filed by eBay Inc. and eBay KTA (UK) Ltd. with the SEC.

More information about factors that could affect eBay’s operating results can be found in the company’s most recent annual report on its Form 10-K and its subsequent quarterly reports on Form 10-Q (available at http://investor.ebay.com or at the SEC’s website at www.sec.gov). All forward-looking statements are based on information available to eBay on the date hereof, and eBay assumes no obligation to update such statements.

MEDIA CONTACT:

John Pluhowski

eBay Inc.

Media hotline: 408-376-7458

Joo Beom Park

Gmarket Inc.

Tel: +82 2 3016 5763

INVESTOR CONTACT:

Vandana Hariharan

eBay Inc.

408-376-5877

Paul J. Lee

Gmarket Inc.

+82 2 3016 4372

Additional Information and Where to Find It

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares or American Depositary Shares of Gmarket. The tender offer is being made pursuant to a Tender Offer Statement on Schedule TO (including the Offer to Purchase, the related Letters of Transmittal and other tender offer materials) filed by eBay Inc. and eBay KTA (UK) Ltd. with the SEC on May 4, 2009. In addition, Gmarket filed on May 4, 2009 a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC related to the tender offer. The tender offer materials (including an Offer to Purchase, the related Letters of Transmittal and certain other offer documents) and the Solicitation/Recommendation Statement contain important information, which should be read carefully before any decision is made with respect to the tender offer. The Offer to Purchase, the related Letters of Transmittal and certain other offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of shares or American Depositary Shares of Gmarket at no expense to them at the SEC’s web site at www.sec.gov. Free copies of these documents will be made available upon request by mail to eBay Inc., 2145 Hamilton Avenue, San Jose, CA 95125, Attention: Investor Relations or to Gmarket Inc., 9th Floor, LIG Tower, 649-11 Yeoksam-Dong, Gangnam-Gu, Seoul 135-912, Korea, Attention: Investor Relations.

In addition to the Offer to Purchase, the related Letter of Transmittal and certain other offer documents, as well as the Solicitation/Recommendation Statement, Gmarket and eBay file annual and special reports and other information with the SEC. You may read and copy any reports or other information filed by eBay or Gmarket at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on

the public reference room. eBay’s and Gmarket’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.

CORRESP

SEC Response Letter