Document:

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                                                                    Exhibit 10.6

English translation

         TERMS AND CONDITIONS FOR USE OF THE G-MARKET PURCHASING SERVICE

                          Chapter 1 General Provisions

ARTICLE 1 (PURPOSE)

The purpose of these Terms and Conditions is to provide for rights, obligations
and responsibilities between GMARKET Inc. ("Company") on the one part and users
on the other part in users' use of the Real-time EC platform developed and
provided by the Company.

ARTICLE 2 (DEFINITIONS)

1. The terms used herein shall have the meaning ascribed thereto in these Terms
and Conditions:

     1)   G-Market: The Real-time EC platform system provided to users for their
          free transactions of goods or services, the web-site for operation of
          the system and any other associated sites based upon the system and
          from time to time the businesses operating G-Market.

     2)   Users: Members or non-members who access or visit G-Market to use
          services provided by the Company in accordance with these Terms and
          Conditions.

     3)   Members: Those who have provided to the Company their personal
          information to join as members of G-Market to be entitled to
          continuous use of information and services provided by G-Market.
          Members are either general members or e-dealers.

          -    General members: Individuals or business operators who can only
               purchase at G-Market

          -    E-dealers: Individuals or business operators who may not only
               purchase but also sell at G-Market.

     4)   Non-Members: Those who have not joined as members but only use
          services provided by the Company.

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     5)   Members' I.D.: Letters, numbers or combinations of letters and numbers
          as selected by Members and approved by the Company in order to
          identify members and use G-Market services.

     6)   Password: Letters, numbers or combinations of letters and members as
          registered by Members with the Company in order to verify the identity
          of Members and protect rights, benefits and secrets of Members.

     7)   Operator: A person appointed by the Company to handle general
          management and smooth operation of G-Market services.

     8)   Purchase Orders: An act by a purchaser of stating and submitting
          quantity and price of purchase at G-Market in order to purchase goods.

     9)   Sell Orders: An act by a seller of stating and submitting quantity and
          price of sale at G-Market in order to sell goods.

     10)  Purchasers: Users who filed purchase orders intending to purchase
          goods at G-Market.

     11)  Sellers: Members who filed sell orders intending to sell goods at
          G-Market.

     12)  Mileage: Membership points in a certain amount granted to Members in
          case of their purchase of goods at G-Market.

     13)  G-Cash: Cyber money, which is converted from mileage entitled by
          members at G-Market, can be purchased by members to use for a certain
          services at G-Market and then withdrawn in cash afterwards.

     14)  GSM: Management system prepared for members who desire to sell goods
          and services by using G-Market, the real-time EC transaction system,
          under which registration of goods and control of their contents,
          prices and sale/delivery can be freely utilized.

     15)  G-Market Reporting Center: As for G-Market, many products are
          registered and traded real-time and as a result rightful persons'
          rights and benefits could be infringed and thus in view of this, the
          G-Market Reporting Center was established by the Company to deliver
          rightful persons' demands to sellers or take emergency actions.

     16)  Payment Protection Service: In case a purchaser executed a purchase
          contract through G-Market and deposited the payment, then, when
          completion of delivery is evidenced through purchaser's confirmation
          of receipt or the Company confirms that the invoice numbers recorded
          at a delivery company conform to the invoice numbers entered in GSM
          after delivery of goods, the Company transmits the payment deposited
          by the purchaser to sellers. This can be said a systematic equipment
          to protect both purchasers and sellers in

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          electronic commerce transactions.

     17)  SQM: In principle, any disputes arising from transactions through
          G-Market should be resolved between sellers and purchasers at their
          discretion, but SQM is established for the purpose of reasonable and
          smooth conciliation of disputes.

     18)  Seller's Mini Shop (Mini Shop): Cyber shop granted to members who sell
          goods at G-Market, where members may display and manage goods they are
          selling.

2.   Meaning of the terms under these Terms and Conditions, which are not
     defined under paragraph 1 shall be in accordance with the general trading
     practices.

ARTICLE 3 (TYPE OF G-MARKET SERVICES AND LEGAL LIMITATION)

     1.   Services provided by the Company are as follows:

          1)   Services of developing and operating E-Commerce Platform;

               i)   Assistance to sale related matters.

               ii)  Assistance to purchase related matters.

               iii) Assistance of executing a sales contract and protecting sale
                    and purchase.

               iv)  Other electronic commerce transaction related services.

          2)   G-Market advertisement and promotion service

     2.   The Company shall neither sell goods to users nor purchase goods from
          users, but just develop and provide users with devices improving
          safety and reliability of transactions between users. Responsibilities
          relating to transactions formed among users and about information
          provided by members shall be borne by the relevant members or users.

     3.   The Company just operates, manages and provides a system for free
          transaction of goods and services among users and does not act on
          behalf of users desiring to sell or purchase goods. Also, any act done
          by the Company shall not be deemed as an act on behalf of sellers or
          purchasers.

     4.   The Company does not guarantee existence or genuineness of selling or
          purchasing intention, quality, completeness, safety, legality,
          non-infringement of third party rights, truth or legality of
          information and data posted at URL linked through the information
          entered by users, etc. in relation to sale and

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          purchase among users conducted through G-Market, and any and all risks
          and responsibilities are wholly borne by the relevant users.

ARTICLE 4 (STATEMENT, EFFECT AND AMENDMENT OF THE TERMS AND CONDITIONS)

     1.   The Company shall post these Terms and Conditions, its company name,
          location, name of the representative, business registration number and
          contact points (telephone and fax numbers and e-mail address) on the
          initial page (the whole page).

     2.   These Terms and Conditions are the basis of the G-Market service use
          contract between the Company and users. The Company may provide for
          and give a public notification of matters ("Individual Conditions")
          applicable to a certain services through G-Market, in advance.

     3.   The Company may amend these Terms and Conditions to the extent not
          breaching the Regulation of Standardized Contracts Act, Framework Act
          on Electronic Commerce, Digital Signature Act, Act on Promotion of
          Information and Communications Network Utilization and Information
          Protection, Etc., Door-to-Door Sales, Etc. Act, Consumer Protection
          Act and any other relevant laws.

     4.   In case the Company amends these Terms and Conditions, the effective
          date and the reasons of amendment, together with the current Terms and
          Conditions shall be publicly notified through the initial page of
          G-Market for 7 days by immediately preceding date of the effective
          date.

ARTICLE 5 (STANDARD REGULATIONS AND THE RELEVANT LAWS AND REGULATIONS OTHER THAN
THESE TERMS AND CONDITIONS)

     1.   Those matters not provided by these Terms and Conditions shall be in
          accordance with the relevant laws and decrees including the Framework
          Act on Electronic Commerce and the Act on Consumer Protection in
          Electronic Commerce Transactions, Etc. and the general commercial
          practices.

     2.   In case transactions are executed through G-Market service, the
          Door-to-Door Sales Act, the Framework Act on Electronic Commerce and
          the Consumer Protection Act and other relevant laws and decrees shall
          primarily apply to users as the parties to the transactions, and users
          cannot by a provision of these Terms and Conditions argue
          indemnification from their responsibility against

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          the other parties.

                     CHAPTER 2 G-MARKET SERVICE USE CONTRACT

ARTICLE 6 (EXECUTION OF THE G-MARKET SERVICE USE CONTRACT)

     1.   G-Market Service Use Contract ("Use Contract") is executed upon
          application by a person who desires to use G-Market Service and
          approval thereof by the Company.

     2.   Anyone who desires to join G-Market membership may use the membership
          admission column of the form provided by the Company on line.
          Admission to the membership is either as individual or as business
          operator and each item presented (required items such as real name,
          I.D., resident registration I.D. number, and etc.) needs to be filled
          in. Provided, however, that E-dealer shall apply for admission to
          membership on line and then complete separate procedures for the
          admission.

     3.   In order to use G-Market Service as a non-member, the non-member
          should complete non-members' verification procedures separately from
          the manner of applying for use under paragraph 2.

     4.   In order to use G-Market Service, users shall agree that these Terms
          and Conditions form a part of the Use Contract.

ARTICLE 7 (APPROVAL OF APPLICATION FOR USE)

     1.   Application for use is completed by the users' filling in their
          personal information under the admission form prescribed by the
          Company and by the users' agreeing to these Terms and Conditions.
          Admission to the membership is effective at the time when the approval
          of the Company is given to the members. Applications for use are
          handled in the order that the applications are filed with.

     2.   The Company may reserve its approval of an application for use in each
          of the following cases:

          1)   Facilities have no room;

          2)   Technical hindrance;

          3)   False statement, omission or miswriting in registered contents;

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          4)   Reapplication for use within three months from the date when the
               Use Contract has been terminated by the Company;

          5)   Necessary at the Company's reasonable discretion.

ARTICLE 8 (ALTERATION AND PROTECTION OF PERSONAL INFORMATION)

     1.   In case the matters stated at the time of application are changed, the
          users shall immediately through the Operator or at the website change
          the relevant matters. Provided, however, that name, I.D. and resident
          registration I.D. number cannot be changed since they are not
          changeable.

     2.   In the preceding paragraph, any and all damages caused by delay in
          change of information shall be borne by the relevant user, and the
          Company shall not be held liable for such damage.

     3.   The Company shall not apply users' information to any other uses than
          G-Market Service or supply the information to a third party without
          consent by users, except the information disclosed through G-Market
          service screen. Provided, however, that this does not apply if
          disclosure of information is required or permitted by the laws and
          regulations.

ARTICLE 9 (TERMINATION OF THE USE CONTRACT)

     1.   The Use Contract shall be immediately terminated either by the Company
          or its members.

     2.   Termination by members:

          Members may at any time terminate the Use Contract by notifying the
          Company that they have an intention to terminate this Contract.
          Provided, however, that members should withdraw or cancel all the
          orders by 10 days prior to giving the termination notice. Provided,
          the transactions already executed cannot be cancelled. Disadvantage
          arising from cancellation or withdrawal of orders shall be borne by
          the relevant members. If a member, having terminated the Use Contract,
          desires to reuse G-Market Service, the members shall notify the
          Company of such intent and obtain approval of the Company for reuse of
          the service.

     3.   Termination by the Company:

          The Company may terminate the Use Contract if each of the following
          cases takes place or is confirmed:

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          1)   A user infringes rights, honor, credit or any other justifiable
               benefit of any other users or is in breach of the Korean laws and
               regulations or good public order and customs;

          2)   A user hinders or tries to hinder smooth process of G-Market
               Service provided by the Company;

          3)   Accumulated credit degree of members pursuant to Article 10
               reaches -10 points; or

          4)   The Company deems refusal of service as necessary at its
               reasonable discretion.

          In this case, the Company shall clarify the reasons of termination
          through e-mail, telephone or any other methods and give its intent of
          terminating the Use Contract. The Use Contract shall be terminated at
          the time when the Company notifies the members of its intent of
          termination. In case the Use Contract is terminated at the Company's
          reasonable discretion, the Company may reserve any decision with
          respect to the member's application for reuse.

     4.   Restriction on Services

          The Company may partly restrict members in use of services in case
          each of the followings takes place or is confirmed:

          1)   In case a member obtains mileage in an abnormal way, the relevant
               service use may be restricted or cancelled and in an inevitable
               case, mileage may be withdrawn.

          2)   In case a member purchases by credit card, and the purchase falls
               under the illegal use of credit cards as provided by the
               Specialized Credit Financial Business Act, the member's purchase
               may be restricted, and if card number, password and resident
               registration I.D. number entered by the member are inconsistent
               for three times or more, the relevant card use is restricted at
               G-Market.

     5.   The Company shall not be held liable for any and all damage or loss
          due to termination of the Use Contract.

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                  CHAPTER 3 REGULATIONS OF G-MARKET SERVICE USE

ARTICLE 10 (MEMBERS' CREDIT RATING MANAGEMENT)

     1.   The Company may grade members' credit rating to ensure safety and
          reliability of transactions through G-Market service and may restrict
          service based upon the credit rating. For this purpose, the Company
          may give points of praise or punishment in relation to transactions
          among members and the points are accumulated.

     2.   The credit points given by the Company to general members are as
          follows: Provided, however, that the Company may not give points of
          punishment when it accepts reasonable reasons thereof:

          1)   Admission to the membership: +5 points

          2)   Per purchase of goods: +1 point

          3)   Cancellation of transaction due to default in payment on line:
               -1point

          4)   Cancellation or return of goods without a defect: -2 points

          5)   Cancellation of successful bid and execution of transactions: -2
               points

               -    If credit points are 0, mileage benefit shall become null
                    and if under minus 10 points, transactions are made
                    impossible.

ARTICLE 11 (PURCHASE OF PRODUCTS)

     1.   Manner of execution

     Transactions are executed when the price under a seller's sell order and
     that under a purchaser's purchase order corresponds. The priority of
     transactions is given to a person who has ordered first in time if at the
     same price. The procedures thereafter are the same with the transactions of
     stocks.

     2.   Handling of transactions

     A purchaser will receive the result and conditions of transactions from the
     Company by e-mail, telephone or mobile phone (SMS service), upon execution
     of transactions through G-Market Service.

     3.   Payment

          1)   The manner of payment available to users for purchase of goods
               includes

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               settlement by credit card, deposit without passbook and real time
               account transfer, etc.

          2)   Credit card may be used only after the card is registered with
               consent from members.

          3)   If a user's information of payment is leaked out to damage the
               relevant user, the Company shall be liable for such leak.

          4)   In order to purchase products valued higher than a certain
               amount, the purchaser should enter his/her personal information
               such as resident registration I.D. number and password for being
               verified as the purchaser herself/himself.

          5)   In order to purchase products through deposit without passbook,
               the payment should be deposited with a designated bank account
               within seven (7) days from execution of the relevant
               transactions.

     4.   Delivery

          1)   The delivery period shall be from the record date of the next
               following date after an order is executed to the time of delivery
               by E-dealer to the purchaser. The Company may appoint a certain
               delivery period for smooth sale and purchase and may demand that
               E-dealer comply therewith.

          2)   In case of deposit without passbook, the delivery period shall be
               calculated from the next following date after deposit without
               passbook is confirmed.

          3)   On holidays or any other off days, delivery is not made, and in
               the event of force majeure and any other events beyond control,
               the relevant period shall be excluded from the delivery period.

          4)   The Company may engage in overseas delivery service through
               business cooperation with a third party. In overseas delivery,
               the part of domestic delivery shall be deemed completed at the
               time of having delivered the products to a logistics center of a
               third party under business cooperation relations with the
               Company, and thereafter, the process of overseas delivery shall
               be deemed to have started.

     5.   Provision on Return/Exchange/Refund

          1)   A purchaser may demand refund or exchange of the purchased goods
               within 7 days after receipt of the delivery pursuant to Article
               17 of the Act

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               on Consumer Protection in Electronic Commerce Transactions, Etc.
               Provided, however, that if the goods are lost or damaged due to
               causes attributable to the purchaser; the value of the goods is
               notably deteriorated due to use or partial consumption by the
               purchaser; the value of products is notably deteriorated to make
               resale difficult by passage of time; the package of goods which
               can be duplicated is damaged, etc. the purchaser cannot demand
               refund or exchange, and for refund or exchange due to the
               purchaser's simple change of mind, the purchaser should bear the
               return delivery cost and necessary expenses.

          2)   In case defects in a product are not attributable to a purchaser,
               the seller is liable to refund or exchange upon the purchaser's
               demand. In this case, the return delivery cost and necessary
               expenses are borne by the seller.

          3)   In case the products a purchaser demands are sold out or run out
               of stock and thus cannot be delivered, the refunding procedures
               should be taken and the reasons thereof shall be notified to the
               purchaser, within 3 business days from the receipt of the payment
               for products pursuant to the provision of Article 15 of the Act
               on Consumer Protection in Electronic Commerce Transactions, Etc.

          4)   Any material or emotional damage suffered by a purchaser arising
               from problems in delivery shall be wholly borne by the delivery
               company having caused such damage and the seller having
               designated such delivery company, and the Company shall provide
               the purchaser with necessary information of the seller and
               arbitrate for smooth resolution.

          5)   In overseas delivery, at the tier of demand for delivery, a
               purchase contract may be at any time cancelled, and exchange and
               refund is possible by the time the products sent by a seller are
               put into a warehouse of a third party logistics center
               (completion of domestic delivery) under business cooperation with
               the Company. However, for the character of overseas delivery,
               exchange/refund is impossible after the time when the products
               sent by a seller are put into a warehouse of a third party (in
               the course of overseas delivery) under business cooperation with
               the Company, pursuant to Article 17 (2) 5 of the Act on Consumer
               Protection in Electronic Commerce Transactions, Etc. and Article
               21 of its Enforcement Decree.

ARTICLE 12 (ENTITLEMENT TO MILEAGE AND THE STANDARDS)

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     1.   In case a G-Market member purchases products, mileage may accumulate
          in a certain ratio per product. Provided, however, that for any refund
          due to cancellation/return after purchase of the products, the mileage
          accumulated per purchase of products shall be deducted by applying the
          retroactive effect of contract cancellation under the Civil Code.

     2.   G-Market members may use additional service provided by the Company by
          the accumulated mileage and convert the accumulated mileage to G-Cash.
          Provided, however, that in the event of any accumulation of mileage in
          an unfair manner or use of accumulated mileage in an unfair manner,
          the Company may restrict use of service pursuant to paragraphs (3) and
          (4) of Article 9.

     3.   Any G-Market members, who have no transaction for a year and whose
          accumulated mileage is less than 5000, shall be deemed dormant members
          and the Company withdraws the members' accumulated mileage.

ARTICLE 13 (G-CASH AND THE STANDARDS)

     1.   G-Cash may be given in each of the following manners:

          1)   Through conversion from mileage which G-Market member itself has.

          2)   Through purchase of G-Cash filling right. G-Cash filling right
               may be purchased in cash or any ordinary payment method.

          3)   Through grant as provided by the Company.

     2.   Products cannot be purchased in G-Cash, but G-Cash of a certain amount
          or more may be converted into cash upon demand.

ARTICLE 14 (G PASSBOOK SERVICE)

     1.   G passbook is a cyber account service available exclusively at
          G-Market, which is provided to users by the Company, to allow
          management of an amount to be refunded to users from G-Market or to be
          additionally deposited by users to G-Market or mileage or G-Cash
          accumulated to members.

     2.   G passbook service consists of cash balance, G-Cash service and
          mileage service.

     3.   Cash balance service allows accumulation of an amount to be refunded
          to users

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          from G-Market or to be additionally deposited by users to G-Market and
          compensation, and to the extent of the accumulated amount, users may
          freely purchase goods transacted at G-Market, convert into G-Cash and
          pay the delivery cost and any other service charges, etc. and also may
          transfer into a bank account of users. In case a user demands transfer
          of an amount to his/her bank account, the Company shall in principle
          remit the demanded amount into the bank account within 2 business days
          from the date of such demand, unless there is a special reason not to
          do so. In case of demanding transfer into a bank account in any
          other's name, the evidentiary documents separately prescribed shall be
          submitted to the Company.

     4.   G-Cash service allows that members fill up G-Cash in order to use
          charged service of G-Market and then get cash converted from any
          remaining G-Cash discounted at a certain prescribed ratio.

     5.   Mileage service is provided by the Company to members with respect to
          purchase, confirmation of delivery and preparation of reviews on
          products, and members having a certain points of accumulated mileage
          may convert such accumulated mileage to G-Cash.

ARTICLE 15 (SELLER'S MAILING AND REJECTION TO RECEIPT)

     1.   G-Market's sellers may send mails to customers of mini shops or
          purchasers of products only in case the recipients have agreed to
          receipt of the shopping letters.

     2.   G-Market shall not provide the sellers with any information of
          purchasers in the course of sending mails. Purchasers may click the
          'rejection to receipt' button in 'my information' or at the bottom
          line of sellers' mails to reject receipt of the shopping letters.

                      Chapter 4 Service and Service Charge

ARTICLE 16 (SERVICE PERIOD AND SUSPENSION)

     1.   The effective period of these Terms and Conditions is one year from
          the date of application for service and shall be automatically
          extended for year to year unless a written demand for amendment of
          contents of services is given by 2 months prior to expiration of the
          service period.

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     2.   The Company may temporarily suspend provision of services in the event
          of repair, inspection, replacement or malfunction of information
          technology and communication facilities including computers or
          communication stoppage, etc. In the event of suspension of services,
          such should be notified at the initial page of the site but the
          Company shall not be held liable for damage suffered by users or a
          third party due to temporary suspension of service. Provided, however,
          that this does not apply when the Company contributed to such event by
          willful or gross negligence.

ARTICLE 17 (INFORMATION PROVIDED BY USERS)

     1.   Information provided by users means any and all information
          (description, picture, photos and sounds of products including the
          name of products) provided on the internet site including G-Market
          operated by the Company.

     2.   Information provided by users is reflected to G-Market real time and
          automatically and accordingly, any and all responsibilities for such
          information shall be borne by the relevant user who has provided the
          information. Provided, however, that the Company may delete or amend
          the relevant information upon demand by a rightful person.

ARTICLE 18 (SERVICE CHARGE)

     1.   The Company shall provide necessary services required in free
          electronic commerce transactions among users and may impose service
          charge on use of the system.

     2.   The Company may, when a transaction is executed at G-Market, impose on
          members a certain amount as charge for use of G-Market system and
          sale/purchase protection system. In this case, members shall be liable
          to pay the service charge.

     3.   When G-Cash is converted into cash, the Company may deduct conversion
          commission (currently 15%) therefrom.

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                           Chapter 5 Indemnification.

ARTICLE 19 (INDEMNIFICATION OF THE COMPANY)

     1.   The Company shall only provide transaction system based on G-Market,
          and with respect to any disputes arising in connection with contents
          of transactions utilizing the G-Market transaction system (price,
          letters, numbers, pictures and sounds), the relevant party to
          transactions shall be responsible.

     2.   In the event that the Company cannot provide G-Market services due to
          act of god or any similar force majeure event, the Company may
          restrict or temporarily suspend provision of service. In this case,
          the Company's liability is limited due to force majeure.

     3.   The Company shall not be held liable for hindrances in use of service
          due to reasons attributable to members or Internet users.

     4.   With respect to damage resulted from relying on information, data and
          correctness of data as posted by users, the Company shall not be held
          responsible.

     5.   With respect to any damage incurred to users by their disclosure or
          provision of personal information (credit card information, etc.), the
          Company shall never be held responsible.

     6.   Any problem arising due to defects in manufacturing in the course of
          using products purchased by users shall be treated pursuant to the
          Product Liability Act.

ARTICLE 20 (JURISDICTION)

Any legal proceedings, brought in connection with disputes arising between the
Company and users from G-Market service provided by the Company shall be subject
to jurisdiction of the competent court (currently, the Seoul Central District
Court) having jurisdiction over the location of the head office of the Company.

ARTICLE 21 (OTHERS)

     1.   The Company may if necessary amend or suspend a certain service
          temporarily or permanently with giving advance notice thereof through
          G-Market and GSM program, etc.

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     2.   The Company and users cannot transfer the rights and obligations under
          these Terms and Conditions to a third party without a clear consent of
          the other party.

     3.   Agreements, memoranda and notices, etc. additionally executed between
          the parties, changes of the Company's policies, enactment and
          amendment of laws and decrees, and public notification by the Company
          through G-Market or GSM to users pursuant to notification and
          guidelines of public authorities shall constitute a part of these
          Terms and Conditions.

                                    ADDENDUM

ARTICLE 1 (EFFECTIVE DATE)

These Terms and Conditions shall become effective as of December 28, 2005.
However, the provision of Article 12 (3) shall become effective as of December
31, 2005.

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                                                                    Exhibit 10.7

English translation

          TERMS AND CONDITIONS FOR USE OF THE SALES SERVICE OF G-MARKET

Consent to these Terms and Conditions has the same effect as the actual
execution of a contract between GMARKET Inc. ("Company") and a person
("E-dealer") selling products through the real-time electronic commercial
transaction system ("G-Market") provided by the Company. (Please fully review
and then consent to these Terms and Conditions and if you have any question
please contact the person in charge prior to giving consent.)

ARTICLE 1 (PURPOSE)

The purpose of these Terms and Conditions is to seek the reasonable operation of
G-Market by specifying basic rights and obligations between the Company and the
E-dealer, necessary for E-dealer's selling of products through G-Market.

ARTICLE 2 (E-DEALER'S OBLIGATIONS TO MANAGE)

     1.   E-dealer shall use G-Market faithfully with the care of a good
          manager.

     2.   E-dealer shall address sales orders through GSM in advance for any
          shortage of stock, or any other matters relating to products likely to
          incur problems in connection with orders

     3.   E-dealer shall do its best as a seller to consummate the sales to a
          purchaser, when a sales contract is made through G-Market.

     4.   If E-dealer violates laws and regulations in using G-Market, and then
          a third party, including the relevant authorities justifiably demands
          G-Market of provision of information on E-dealer, G-Market may submit
          the relevant data.

     5.   In case E-dealer consents to these Terms and Conditions and joins
          G-Market, in connection with the preceding paragraph, G-Market shall
          be deemed having obtained consent from a user as provided by Article
          24 of the Act on Promotion of Information and Communications Network
          Utilization and Information Protection, Etc.

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ARTICLE 3 (BASIC SETTLEMENT PRICE, SELLING PRICE AND SERVICE CHARGE OF PRODUCTS)

     1.   The selling price of products shall be determined by E-dealer by
          taking into consideration of the basic settlement price (similar to
          supply cost customarily applied in normal commercial transactions),
          transportation expenses, the G-Market system charge, etc.

     2.   The Company may change the G-Market system charge through public
          notification.

     3.   The system charge may be separately determined through negotiation
          between the Company and E-dealer after completion of registration of
          E-dealer and prior to commencement of sales.

     4.   In order to seek expedite and convenient transactions, sales may be
          commenced at the same time of completing registration of E-dealer, and
          any other supplementary documents (E-dealer's letter of agreement,
          etc.) may be additionally prepared per E-dealer prior to settlement.

     5.   The Company may proceed with on-line marketing promotions relating to
          E-dealer's sales of products as a part of sales service. Provided,
          however, that the cost spent for such promotion may be fully borne by
          the Company or shared between the Company and E-dealer. If any part of
          the promotion cost shall be borne by E-dealer, the Company shall in
          advance consult with E-dealer on such matters.

ARTICLE 4 (INFORMATION PROVIDED BY E-DEALER AND RESPONSIBILITY)

     1.   E-dealer may directly and freely register with the General Sales
          Managing System (GSM) any information relating to products such as
          name, model, characters, specification and A/S information, etc.

     2.   E-dealer shall directly manage the information provided to G-Market in
          accordance with paragraph 1, and if the provided information becomes
          different from the fact or is changed, E-dealer shall directly amend
          and manage the information by using GSM.

     3.   Any and all legal responsibility for information provided by E-dealer
          shall be borne by E-dealer.

     4.   In case E-dealer's delay in providing correct information about its
          products, price changes or status of inventories, in violation of this
          Article, causes withdrawal of orders, termination of purchase
          contracts, demand for exchange

                                       2

<PAGE>

          or return, etc., the related costs and damages to the purchaser shall
          be in principle borne by E-dealer, and if the Company has paid such
          cost in substitution of E-dealer, the Company may deduct such cost
          from settlement for the sales of products.

     5.   E-dealer shall at all times closely monitor price transitions and the
          inventory of products selling through G-Market and if the consumer
          price or commercial price of the relevant products changes or the
          inventory is insufficient to cause troubles in sale, E-dealer shall
          address such situations in G-Market without delay.

ARTICLE 5 (DELIVERY OF PRODUCTS)

     1.   Once a purchaser decides to purchase a product(s) and pays the price,
          G-Market system will deliver to E-dealer data containing the kind,
          description, and quantity of the product(s), the place and the date of
          delivery, etc. through e-mail, fax or telephone, etc.

     2.   E-dealer shall conduct delivery in accordance with the particulars of
          the relevant order(s).

     3.   E-dealer shall confirm the particulars of an order from time to time,
          and then complete procedures to deliver the products to the place of
          delivery specified in the order.

     4.   Products shall be delivered to ensure that a purchaser receives
          his/her ordered products within three days from when E-dealer
          confirmed the delivery.

     5.   E-dealer shall confirm the particulars of orders, properly pack the
          ordered products so that they are protected from damage during the
          delivery, and then consign the delivery to a delivery service company.

     6.   Pursuant to Article 15(1) of the Act on Consumer Protection in
          Electronic Commerce Transactions, Etc., E-dealer shall, within three
          business days from when a purchaser's payment for the products is
          confirmed, consign the ordered products to a delivery service company
          and then immediately record the completion of delivery by entering in
          GSM the necessary data of the relevant orders. If E-dealer has
          delivered the products, but failed to enter the invoice number, or
          incorrectly entered a number in GSM as to make delivery tracing
          impossible, and the Company cannot settle the payment to E-dealer
          continuously for three months or more, the Company may deposit with
          E-dealer the payment in G-cash.

                                       3

<PAGE>

     7.   If E-dealer fails to deliver the products within the period under
          paragraph 6, or delivers the products to a place other than the place
          of delivery as designated by a purchaser due to reasons attributable
          to E-dealer, or if E-dealer fails to evidence delivery of the products
          or otherwise the addressee does not receive the products in normal due
          course, E-dealer shall bear any and all responsibilities arising
          therefrom.

ARTICLE 6 (RETURN, EXCHANGE OR REFUND FOR THE PRODUCTS)

     1.   In case a purchaser demands exchange of or refund for the products
          after having received the products, E-dealer shall exchange or refund
          upon receipt of the returned products pursuant to the relevant laws
          and regulations. Provided, the timing of exchange or refund shall be
          after completion of return of the products. In this case, any cost
          additionally incurred shall be borne by the party responsible.

     2.   G-Market shall, upon receipt of demand for exchange or refund,
          automatically through GSM, notify E-dealer of the details. E-dealer
          shall upon receipt of the details through GSM or G-Market enter data
          in GSM to make sure that a purchaser receives the exchanged products
          within five days, or the refund within 2 days from completion of
          return of the products.

     3.   The cost for collection and redelivery of products shall be borne by
          the party responsible.

     4.   E-dealer shall recall (repair, exchange and refund) the whole
          product(s) if the products contain defects in products or deficiencies
          in their safe use, and bear any and all the costs incurred for such
          recall.

     5.   Pursuant to Article 17 (6) of the Act on Consumer Protection in
          Electronic Commerce Transactions, Etc., E-dealer shall in case of
          products, of which orders cannot be withdrawn by reasons under
          paragraph 2, subparagraphs 2 ~ 4 of the same Article, specify that
          fact on a package, or at a place consumers can easily identify in
          order not to disturb a purchaser's exercise of a right to withdraw the
          order.

ARTICLE 7 (OVERSEAS DELIVERY)

     1.   The Company may engage in overseas delivery services through business
          cooperation with third parties.

                                       4

<PAGE>

     2.   Even if products are deliverable overseas according to the kind of
          products as provided by the Company, E-dealer may state under GSM that
          overseas delivery is impossible.

     3.   In overseas deliveries, the part of domestic delivery shall be deemed
          completed at the time of having delivered the products to a logistics
          center of a third party under business cooperation with the Company,
          and then overseas delivery courses shall be handled by that third
          party.

ARTICLE 8 (PENALTY)

     1.   In the event that a purchaser cancels delivery or demands a refund or
          exchange due to reasons such as lack of stock, delay in delivery or
          defects in products which are attributable to E-dealer, E-dealer shall
          bear penalty with respect to the damage suffered by the purchaser, and
          if E-dealer fails to comply with this provision, the Company may
          arbitrate the matter. Penalty shall be separately determined from
          damages under these Terms and Conditions.

     2.   In the event any disputes arise in connection with the
          delivery/return/exchange conducted under the responsibility of
          E-dealer, E-dealer's employer or agents, E-dealer shall bear the whole
          responsibility for the disputes.

ARTICLE 9 (QUALITY ASSURANCE AND AFTER SALES SERVICE)

E-dealer shall provide customers with quality assurance and after sales service
with respect to the products sold, in accordance with the terms and for the
period as provided under the production information provided to and displayed at
G-Market, at its own responsibility and cost.

ARTICLE 10 (SPONSORED SHOPPING)

     1.   E-dealer may designate its products as sponsor products and donate a
          certain part of the purchasers' payment for the products to certain
          beneficiaries within a certain support period.

     2.   The donation contributed by E-dealer shall be deducted from the
          settlement for the sale and accumulated to the beneficiaries.

     3.   E-dealer is entitled to exemption or reduction of the corporate tax or
          income tax at the rate per beneficiary as provided by the nation, with
          respect to the

                                       5

<PAGE>

          donations, and from the point when 15 days have passed from completion
          of the support period, E-dealer may apply for issuance of the receipts
          of donations in GSM from each beneficiary.

ARTICLE 11 (STAR SHOP SERVICE)

     1.   The Company may open an on-line shop ("Star Shop") exclusive to a
          certain famous entertainer ("Star") in G-Market by utilizing the
          trademark (name) or portraits of the Star.

     2.   E-dealer may register its products at Star Shop and use the tradename
          (name) or portraits of the Star at Star Shop but cannot use the Star's
          tradename (name) and portraits at any other electronic trade web sites
          other than G-Market or for the purpose of advertising any products
          other than those products registered at Star Shop.

ARTICLE 12 (G PASSBOOK SERVICE)

     1.   G passbook is G-Market's exclusive cyber account service provided by
          the Company to E-dealer to allow E-dealer to manage an amount to be
          deposited by E-dealer to G-Market and G-Cash charged by E-dealer in
          connection with the cost paid by G-Market in substitution of E-dealer.

     2.   G passbook service consists of cash balance service and G-Cash
          service.

     3.   Cash balance service is provided by the Company to E-dealer in order
          to allow E-dealer to manage systematically an amount to be paid by
          E-dealer to G-Market in case G-Market has paid, in substitution of
          E-dealer, damages, etc. which are to be borne by E-dealer, to a
          purchaser in connection with contract performance, an amount to be
          refunded from G-Market in E-dealer's using G-Market purchase service,
          an amount to be additionally paid to G-Market and damages, etc.

     4.   G-Cash service allows that E-dealer charges and uses G-Cash, cyber
          money usable exclusively in G-Market in order to use G-Market's
          charged service and then converts any remaining G-Cash into cash in a
          certain discounted rate, and also allows that E-dealer manages the
          status and details of use of G-Cash charged by E-dealer, together with
          the status and the details of use of G-Cash charged by E-dealer in the
          course of utilizing G-Market purchase service.

                                       6

<PAGE>

ARTICLE 13 (MAILING SERVICE)

     1.   E-dealer may send mail to its customers. Those who fall into the scope
          of "customer" for the purpose of this document include:

          1)   Customers who have purchased products from the relevant E-dealer
               (including non-member purchasers who have consented to receipt of
               shopping letters).

          2)   Customers who have registered E-dealer's mini shop as their
               favorite shop.

          3)   Customers who have joined as G-Market members through the URL of
               E-dealer's mini shop.

     2.   E-dealer's obligation relating to mailing service:

          1)   E-dealer shall be liable to be faithful in sending mails.

          2)   E-dealer cannot obtain private information of a purchaser in the
               course of sending mails.

          3)   E-dealer may apply for mail delivery through G-Market's mailing
               service. G-Market may examine the adequacy of mailing service and
               reject such mailing.

          4)   In using the mailing service, any disputes arising in connection
               with the contents shall be primarily borne by E-dealer.

ARTICLE 14 (SETTLEMENT OF PAYMENT OF PRODUCTS)

     1.   The Company shall pay for the products on the basis of E-dealer's
          settlement data as shown in GSM.

     2.   The payment for the products shall be made by two weeks as of the
          completion date of delivery, but may be adjusted by the Company
          according to E-dealer's performance results and credit rating.
          Provided, E-dealer shall be required to submit prescribed documents
          necessary for the payment.

     3.   The Company shall deduct from the payment for products any cost
          incurred due to reasons attributable to E-dealer and then pay E-dealer
          the remaining balance.

     4.   In case a contract between the Company and E-dealer expires or
          terminates without being renewed, the Company shall deposit an amount
          equivalent to 30% of the average monthly sales by E-dealer for the
          last three months with an

                                       7

<PAGE>

          account to accommodate demands for refund and exchanges from
          purchasers for three months thereafter and then, after any
          circumstance demanding such refund or exchange becomes not likely, pay
          E-dealer any remaining balance thereof.

     5.   In case a purchaser demands tax accounts (including bills) or cash
          receipts, E-dealer, as a business carrier, shall issue to the
          purchaser the tax accounts (including bills) or cash receipts with
          respect to the amount contracted through G-Market.

     6.   The Company shall issue to E-dealer tax accounts on system charge
          based on the details sold monthly through G-Market.

ARTICLE 15 (OTHER MATTERS TO BE COMPLIED WITH)

     1.   E-dealer shall complete any and all formalities prior to displaying
          products in case their marketing needs permission or report and shall
          duly comply with the relevant laws and regulations in relation to sale
          of the products. In case E-dealer is a business carrier pursuant to
          Article 13 of the Act on the Consumer Protection in the Electronic
          Commerce Transactions, Etc., the E-dealer shall have completed filing
          of its distance selling with the authorities of the city, kun or ku.

     2.   E-dealer shall be prevented from using the name, logo, or letters of
          or relating to G-Market.

     3.   E-dealer shall not sell directly to G-Market users by taking advantage
          of information on users obtained in the course of using G-Market sales
          service (duty not to do direct transactions) and shall not disclose or
          use such information for any other purposes than those under these
          Terms and Conditions (Duty to protect private information). If
          E-dealer induces direct transactions or uses G-Market users' private
          information for any other purposes than those under these Terms and
          Conditions, in violation of the provisions of this paragraph, G-Market
          may have such E-dealer withdrawn from G-Market membership and also the
          relevant E-dealer may be subject to an administrative disposal or
          criminal disposal pursuant to the relevant laws and regulations
          including the Act on Promotion of Information and Communications
          Network Utilization and Information Protection, Etc.

     4.   Any disputes arising in connection with transactions through G-Market
          shall in principle be resolved between the seller and the purchaser
          but exceptionally, for

                                       8

<PAGE>

          the purpose of reasonable and smooth reconciliation of the disputes,
          the disputes adjustment center (including customer center) established
          and operated by the Company may render a decision on the relevant
          disputes, which E-dealer shall comply with to the best of its ability
          in good faith.

     5.   E-dealer shall not state false data in GSM for the purpose of settling
          an account for sales.

     6.   E-dealer shall properly enter data about any changes with checking up
          G-Market and GSM at all times.

ARTICLE 16 (CREDIT RATING)

     1.   The Company shall rate E-dealer's credit based on its transaction
          results, and the credit rating criteria shall be separately determined
          by the Company, publicly notified through G-Market or GSM in advance
          and shall be separately notified to E-dealer.

     2.   In case the credit rating is less than a certain grade, the Company
          may suspend sales or terminate these Terms and Conditions based on the
          credit rating.

ARTICLE 17 (TERMINATION)

     1.   In case any of the followings arises to either party, the other party
          may terminate these Terms and Conditions by without prior notice:

          1)   A party violates its obligations under these Terms and Conditions
               and subsidiary agreements constituting a part of these Terms and
               Conditions but fails to correct such violations within 7 days
               from the date when the other party demanded correction.

          2)   A party is subject to cancellation or suspension of business or
               licenses by the supervising authorities.

          3)   Claims from purchasers amount to not less than 30% of all the
               transactions for two months due to negligence of E-dealer.

          4)   A third party's application for bankruptcy, composition or
               corporate reorganization against a party or the party's voluntary
               application.

          5)   A party is subject to provisional attachment, injunction or
               compulsory execution by a third party ("Compulsory Execution")
               and then within 30 days application for suspension or termination
               of the compulsory execution

                                       9

<PAGE>

               is not accepted.

          6)   Notes or checks issued by a party become insolvent or
               transactions with banks are suspended or prohibited.

          7)   A party notably injured honor of the other party.

          8)   E-dealer experiences material circumstances making performance of
               contracts or achievement of contract objectives impossible within
               the contract period.

          9)   The Company suffers tangible or intangible damage due to intent
               or negligence of E-dealer.

     2.   Notwithstanding the termination of these Terms and Conditions, if
          there remains any ordered product which has not been delivered, or of
          which exchange or refund is requested by the time these Terms and
          Conditions are terminated, E-dealer shall cooperate to delivery,
          exchange or refund of the products.

     3.   Any provisions relating to E-dealer's responsibility arising in
          connection with the products sold shall continue to be effective even
          after termination of these Terms and Conditions.

ARTICLE 18 (COMPENSATION FOR DAMAGE)

     1.   If a party violates these Terms and Conditions or the other party
          suffers damage due to reasons attributable to employees of the
          violating party or a person who is authorized to carry out obligations
          for the violating party, the violating party shall be liable to
          compensate the other party for all the damage. Provided, however, that
          with respect to damage incurred due to act of god or force majeure,
          both parties shall be released from any responsibility.

     2.   If product information provided by E-dealer contains an error or is
          deemed false or exaggerated advertisement to result in damage to the
          Company, E-dealer shall be responsible for all damage incurred
          thereby.

ARTICLE 19 (INDEMNIFICATION OF THE COMPANY)

     1.   The Company shall only provide transaction system based on G-Market,
          and E-dealer directly enters information of products using electronic
          commerce system provided on real time basis by the Company and any
          disputes arising in

                                       10

<PAGE>

          connection with such information, E-dealer who directly entered such
          information shall be responsible.

     2.   In case the Company compensates a third party for damage or spends
          expenses due to reasons under paragraph 1, the Company may claim for
          such damages against E-dealer.

     3.   The Company may delete or amend the relevant details upon receipt of
          legal demand by a rightful person. In this case E-dealer may not claim
          for damages incurred due to deletion or amendment of the information
          provided.

     4.   In case E-dealer is a business carrier pursuant to Article 20(4) of
          the Act on Consumer Protection in Electronic Commerce Transactions,
          Etc., the Company shall provide consumers with a way to access
          identifying information (company name, name of the representative,
          telephone no., address, e-mail address and mail order business filing
          no.) of E-dealer or in case E-dealer is not a business carrier, the
          Company shall provide the other party to the transactions with
          information relating to E-dealer (telephone no. and address, etc.).
          Even if the Company has provided consumers or the other party to the
          transactions with a way to access the information relating to E-dealer
          in accordance with this paragraph, E-dealer shall bear any and all
          legal liabilities arising in case E-dealer has joined G-Market without
          stating the relevant information in an unfair way or with stating
          false information or failed to state the relevant information
          (including deletion) in an unfair way or stated the relevant
          information in a false way (including amendment) after joining
          G-Market. (The relevant information is prescribed by the Act on
          Consumer Protection in Electronic Commerce Transactions, Etc. and its
          Enforcement Decree.)

     5.   The Company may temporarily suspend provision of service in case of
          repair, inspection, replacement, malfunction of information and
          communication facilities such as computers, etc. and in case of
          communication stoppage, etc. and in relation to this, the Company
          shall not be held liable unless the Company contributed to this by
          willful or gross negligence.

ARTICLE 20 (HANDLING OF PRODUCTS INADEQUATE FOR SALE)

     1.   Products improper for sale, outlined in each of the following, shall
          be prohibited from selling and any and all responsibilities arising
          from sale of such products shall be wholly borne by E-dealer which
          directly registered such products:

                                       11

<PAGE>

          1)   Products which are falsely or exaggeratedly advertised.

          2)   Products infringing rights, including intellectual property right
               of a certain person including an individual or a corporation.

          3)   Harmful media or products exclusive for adults which are
               prohibited from sale to minors (only a seller qualified with the
               sales and marketing may register): Examples - Harmful media to
               juveniles (discs and video tapes for adults), harmful drugs
               (liquor, cigarettes, drugs), harmful devices (sex machine, etc.).

          4)   Securities of which distance selling or on-line sale is
               prohibited by the issuer. Example - Railroad tickets and gift
               tickets of which use is restricted.

          5)   Electronic goods and industrial products of which
               confirmation/inspection for marketing is not passed.

          6)   Mobile phones describing terminal subsidies.

          7)   Reproductions of videos or discs or any other products which have
               not passed the required standards.

          8)   Stolen goods, lost articles and military supplies.

          9)   Products of which distance selling is prohibited. Example -
               Glasses, contact lenses or sunglasses with prescriptions, liquor,
               cigarettes, guns and medicines, etc.

          10)  Goods in breach of the relevant laws and regulations.

     2.   The Company's actions with respect to goods improper for sale

          1)   The Company may delete or amend an advertisement with respect to
               the relevant goods without a separate notice in case a rightful
               person has demanded so in connection with goods improper for
               sale.

          2)   Notwithstanding subparagraph 1), if goods improper for sale are
               registered, the relevant E-dealer shall be liable to compensate
               for any and all damage, if any, suffered by the Company thereby.

          3)   Upon receipt of a report on goods improper for sale through
               G-Market reporting center, if the reporter submitted the report
               together with any evidences, the Company may put the products to
               temporary sales suspension and suspend transactions of the
               relevant products until the relevant disputes are resolved by
               E-dealer.

                                       12

<PAGE>

     3.   Actions against E-dealer having sold goods improper for sale.

          1)   In case goods improper for sale are registered, G-Market manager
               may cancel the sales and the system charge paid by E-dealer shall
               not be refunded.

          2)   Any goods improper for sale are found to have been registered,
               the relevant E-dealer's membership may be suspended.

          3)   In case E-dealer's membership is suspended, registration, sale
               and purchase of products becomes impossible, and if there is any
               legal punishment provision, such shall be reported to the
               relevant authorities to have E-dealer being subject to criminal
               punishment, and settlement relating to the sales shall be
               immediately suspended.

          4)   In case E-dealer uses without permission any trademarks or
               designs being any others' business identifying marks which are
               well known domestically and filed with the Patent Office for
               patent protection by a third party to result in misunderstanding
               or confusion about business sources, such usage shall be unfair
               competition that the relevant products shall be prohibited from
               sale as improper for sale. Also, E-dealer's displaying false or
               exaggerated advertisement may be punished for fraud under the
               Criminal code.

ARTICLE 21 (CONFIDENTIALITY)

     1.   Each party shall not divulge to a third party any information to be
          kept confidential such as purchaser list, technical information,
          production and sales plan and know-how, etc. acquired from the other
          party, unless the laws and regulations require the information from a
          party, and shall not use the information otherwise than for the
          purposes under these Terms and Conditions.

     2.   The obligations under paragraph 1 shall continue for three years after
          the contractual relationship between the Company and E-dealer is
          terminated.

ARTICLE 22 (TERM)

The contractual term between the Company and E-dealer shall be from the date
when E-dealer agrees to the Terms and Conditions and to the last date of the
relevant year and shall be automatically renewed for another year under the same
terms and conditions

                                       13

<PAGE>

unless either party notifies the other party of an intent to terminate the
contract by one month prior to expiration.

ARTICLE 23 (GOVERNING JURISDICTION)

Any litigation arising between the Company and E-dealer from controversies over
these Terms and Conditions, shall be subject to jurisdiction of the competent
court over the head office of the Company (currently the Seoul Central District
Court).

ARTICLE 24 (OTHERS)

     1.   E-dealer shall immediately notify the Company of any changes in
          addresses or bank account numbers for settlement of the prices. The
          Company shall not be liable for damage incurred due to delay of
          notification under this paragraph.

     2.   Each party shall not transfer to a third party the rights and
          obligations under these Terms and Conditions without a written consent
          from the other party.

     3.   Agreements, memoranda and notices, etc. additionally executed between
          the parties, changes of the Company's policies, enactment and
          amendment of laws and regulations, and public notification by the
          Company through G-Market or GSM pursuant to notification and
          guidelines of public authorities shall constitute a part of these
          Terms and Conditions.

                                    ADDENDUM

Article 1 (Effective Date)

These Terms and Conditions shall become effective as of August 19, 2005.

                                       14

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