Gmarket Reports 1Q08 GMV of 933.4 Billion Won
           

SEOUL, SOUTH KOREA--(Marketwire - April 3, 2008) -  Gmarket Inc. (NASDAQ: GMKT) ("Gmarket")
announced today that its gross merchandise value ("GMV") totaled 933.4
billion Won (approx. US$944.2 million) for the first quarter of 2008,
representing a 29% increase over the first quarter of 2007.  GMV is defined
as the total value of all items sold on an e-commerce marketplace.

The Company's top three product categories in terms of percentage of first
quarter 2008 GMV were as follows: (1) computers and electronics: 32%
(compared to 32% in the previous quarter and 32% in first quarter 2007),
(2) clothing and accessories: 28% (compared to 33% in the previous quarter
and 34% in first quarter 2007), and (3) food and child care products: 15%
(compared to 13% in the previous quarter and 13% in first quarter 2007).

           

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