Document:

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                                                                   Exhibit 10.14

English Translation

CONFIDENTIAL TREATMENT REQUESTED BY GMARKET INC. CONFIDENTIAL PORTIONS OF THIS
DOCUMENT HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                      YAHOO! SHOPPING YSP SERVICE CONTRACT

This Contract is made on February 22, 2005 between GMARKET Inc. ("Merchant") and
Yahoo! Korea ("Yahoo Korea").

The parties agree and declare as follows:

ARTICLE 1 (PURPOSE)

This Contract acknowledges that both parties' performance of cooperation defined
in this Contract meets mutual benefits and provides for matters necessary for
faithful conduct of each provision, and this Contract shall have the prevailing
effect over any other agreements between both parties executed prior to this
Contract and any agreement contravening this Contract shall become null and
void.

ARTICLE 2 (DEFINITION)

     1.   Yahoo! Korea Shopping Advertisement Service ("YSP Service") means the
          service by which Yahoo Korea advertises on-line shops ("Shop")
          interacting one another on the World Wide Web (www) through Yahoo!
          Shopping (not in a hosting type but in a form the Merchant creates and
          alters DB at its own server), installs Yahoo navigation strip bar on
          the top of the advertised Merchant's page to allow customers to
          connect easily with various functions.

     2.   Merchant means parties to this Contract using YSP Service.

     3.   Customers means individuals ordering goods and services provided by
          the Merchant at the Merchant's Shop.

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ARTICLE 3 (MERCHANT'S OBLIGATIONS)

     1.   Merchant is liable to comply with all the legal requirements relating
          to goods and services presented at its Shop and data relating to their
          display. In particular, Merchant agrees not to do each of the
          followings:

          1.1  Ilegal sale of goods, violation of export control or obscene
               articles control laws, or any other act breaching or inducing the
               breach of the currently effective laws.

          1.2  An act of damaging, imitating or infringing a third party's or a
               company's private matters.

          1.3  An act of infringing a third party's rights including others'
               intellectual property and rights under business, contract or
               credit.

     2.   Merchant shall provide Yahoo Korea with system enabling record and
          recognition of customers' purchase at the Merchant's Shop.

     3.   Liabilities arising from operation of Shops shall be borne by the
          Merchant:

          3.1  Merchant shall be liable to protect in secure protocol customers'
               information including credit card information obtained in the
               course of operating Shops and communication of such information
               necessary for transactions, and in this connection, the Merchant
               shall be liable to compensate for any damage incurred to
               customers due to reasons attributable to the Merchant.

          3.2  Merchant shall not apply customers' information obtained in the
               course of operating the Shop to use other than performance of
               orders by customers made at the Merchant's Shop. This provision
               shall not apply to members brought in by the Merchant directly
               through the YSP Service.

          3.2  Merchant consents to faithful performance of customers' orders
               with respect to goods and services displayed at its Shop and in
               this connection, any liability to compensate customers for
               damage, if any, shall be borne by the Merchant.

          3.2  Merchant agrees not to distribute e-mails without request from
               customers

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               nor engage in improper business activities.

     4.   Merchant agrees to post at its Shop all the contact points including
          the company name, address, telephone number, fax number and e-mail
          address. Merchant agrees to update its contact information.

     5.   Merchant agrees to proceed with press release of this Contract and
          transactions between Yahoo and Merchant upon consultation with Yahoo.

     6.   In the event disputes arise with a third party due to reasons
          attributable to Merchant, Merchant shall indemnify Yahoo Korea
          therefrom and resolve the disputes at its cost and responsibility.

ARTICLE 4 (YAHOO KOREA'S OBLIGATIONS)

     1.   Yahoo Korea may add YSP store URL linkage and banners on Yahoo search
          engine at its discretion for the purpose of increasing sales at Shops
          of which advertisement continues according to extension of Yahoo Korea
          service.

     2.   Yahoo Korea shall, in providing YSP service, grant linkage function to
          Yahoo's annexed service to the reasonable extent.

ARTICLE 5 (SCOPE OF COMPENSATION FOR DAMAGE)

Both parties undertake to faithfully carry out their obligations, may demand
correction of the other party in case of default of this Contract (impossible
performance, delay in performance or incomplete performance) and the party
subject to demand for correction shall comply with such demand. Except the
indemnification provision under Article 3 (6), if the party upon receipt of the
demand fails to correct without a justifiable reason, the other party may claim
for compensation of damage but in no event the compensation for damage includes
operating profit loss, indirect damage or punitive damage.

ARTICLE 6 (INTENTIONALLY OMITTED)

ARTICLE 7 (CONFIDENTIALITY)

Each party shall acknowledge confidentiality of any and all information relating
to the

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party, the party's affiliates and customers obtained in the course of executing
and performing this Contract and shall not provide such information to a third
party, except as required to be disclosed pursuant to applicable law or pursuant
to a prior written consent from the other party.

ARTICLE 8 (ADVERTISEMENT FEE)

     1.   Merchant shall pay Yahoo Korea an amount corresponding to [****] of
          the gross sales (inclusive of VAT and excluding returned and cancelled
          order) for the preceding month at its Shop ([****] of the gross sales
          from click-through from main page and key word searches) and prepay
          monthly [****] KRW (VAT not inclusive) as YSP advertisement fee in
          cash for the term of this Contract, and if YSP advertisement days
          exceed a month, the fee shall be calculated on a daily basis.

     2.   Payment of Yahoo Korea commissions described in paragraph 1 shall be
          calculated by the last date of each month and shall be made to Yahoo
          Korea by the 27th day of the next following month.

     3.   The contents of the click-through link in the main page and the list
          of key word search terms which will link to Gmarket website will be as
          shown in Attachment 1 hereto.

ARTICLE 9 (TERM)

The term shall be from February 25, 2006 until December 31, 2006.

[****] = MATERIAL OMITTED: CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AND FILED
     SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

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ARTICLE 10 (TERMINATION AND EXTENSION)

     1.   If the other party breaches this Contract, non-breaching party shall
          demand correction of the other party within 30 days, and if the
          breaches are not corrected within the period, non-breaching party may
          terminate this Contract by sending a 15-day prior written notice to
          the other party after determining the date of termination. Provided,
          however, that Yahoo Korea may immediately terminate this Contract if
          Merchant does illegal act, sells illegal goods or services or acts or
          sells likely to damage Yahoo Korea or a third party's right. In this
          case, the other party breaching this Contract shall compensate the
          other party for damage incurred.

     2.   The term may be extended upon mutual agreement within 15 days prior to
          the expiration of this Contract.

ARTICLE 10 (PROHIBITION ON TRANSFER)

Each party shall not transfer all or any part of the rights and obligations
under this Contract to a third party without a prior written consent from the
other party.

ARTICLE 11 (FORCE MAJEURE)

With respect to delay or default of this Contract due to force majeure or
reasons beyond control of each party, neither party shall be liable to the other
party.

ARTICLE 12 (GOVERNING JURISDICTION)

Any legal proceeding between the parties in connection with this Contract, shall
be subject to jurisdiction of the Seoul District Court.

ARTICLE 13 (OTHERS)

Matters not provided for under this Contract shall be in accordance with laws
and, if there is no provision under the laws, shall be in accordance with the
commercial practices. Provided, however, that matters required to be separately
provided for shall be determined upon mutual agreement and such agreed matters
shall have the same effect with this Contract.

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IN WITNESSETH WHEREOF, the parties have executed two copies of this Contract,
signed and affixed their seals and respectively keep each one copy hereof.

                               February 15, 2006

GMARKET Inc.
6th Floor Nam Seoul Bldg., 1304-3 Seocho-Dong, Seocho-Gu, Seoul
Representative Director: Young Bae Ku (seal)

Yahoo Korea
23rd and 24th floors, Glass Tower, 946-1 Daechi-Dong, Kangnam-Gu, Seoul
Representative Director: Nak Yang Sung (seal)

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                                  Attachment 1

                              (Yahoo Korea website)

Note: The attached is a print-out of the Yahoo Korea website for click-through
to Gmarket and the listing of key word searches for Gmarket.

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                      (Screen Shot of the Korean Web Page)<PAGE>

English Translation                                                Exhibit 10.15

CONFIDENTIAL TREATMENT REQUESTED BY GMARKET INC. CONFIDENTIAL PORTIONS OF THIS
DOCUMENT HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                      PRODUCT REGISTRATION SERVICE CONTRACT

Enuri.com Co., Ltd. ("Enuri") and Gmarket Inc. ("Gmarket") who desires to
receive the Product Registration Service provided by Enuri, enter into this
Product Registration Service Contract ("Contract") to set out the terms and
conditions for work relating to the Product Registration Service provided
hereunder:

ARTICLE 1 (PURPOSE)

The purpose of this Contract is to increase mutual benefits by providing product
information on the shopping mall operated by Gmarket ("Shopping Mall") to
customers through the price comparison site operated by Enuri ("Site").

ARTICLE 2 (DEFINITION)

1.   "Product Registration Service" shall mean registration of Gmarket products
     on the Site in order to allow the users of the Site to purchase Gmarket
     products through links.

2.   "Sales Commission" shall mean an amount payable by Gmarket to Enuri with
     respect to the Product Registration Service provided by Enuri.

ARTICLE 3 (TERM OF THE CONTRACT)

1.   The term of this Contract shall be six months from the commencement date of
     the Product Registration Service.

2.   This Contract shall be extended for six months from the next day of the
     expiration of this Contract under the same terms and conditions, unless
     either party expresses an intention in writing to modify the terms and
     conditions hereunder or to terminate this Contract by fifteen days prior to
     expiration of the Contract.

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ARTICLE 4 (PRODUCT REGISTRATION SERVICE)

1.   Product shall mean tangible and intangible goods and services in commercial
     transactions.

2.   Enuri shall register Gmarket products that are sold on the Shopping Mall on
     the Site.

3.   Gmarket shall delete in advance products difficult to supply.

4.   Only the products that are registered and being sold on the site operated
     by Gmarket shall be registered on the Site.

5.   If necessary, details of the Product Registration Service, such as method
     for the provision of services, technical matters, etc. shall be subject to
     a separate agreement.

ARTICLE 5 (SALE, EXCHANGE AND RETURN OF PRODUCTS)

1.   Gmarket shall be responsible for any and all matters relating to the sale
     of products, such as delivery, exchange and return of products.

2.   Gmarket shall be responsible for any and all problems relating to consumer
     complaints originated by Gmarket's failure to give prior notice to Enuri of
     the discrepancies between the price, description and picture of products
     sold on the Shopping Mall and the price, description and picture of the
     same products registered on the Site.

ARTICLE 6 (DETERMINATION AND PAYMENT OF SALES COMMISSION)

1.   Gmarket shall pay Enuri [****] of the Sales (inclusive of VAT) of Gmarket
     incurred through the Product Registration Service by Enuri, as Sales
     Commission.

2.   The "Sales" shall mean an amount equal to the gross sales minus the amount
     of cancelled sales and any uncollected accounts receivable.

3.   A separate agreement shall be provided for the details of determination and
     payment of the Sales Commission by mutual consultation between the parties.

[****] = MATERIAL OMITTED: CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

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ARTICLE 7 (INCOME DISTRIBUTION PROGRAM)

Gmarket shall provide Enuri with a Income Distribution Program, a web program
enabling Enuri to check the details of the sales, including amount sold and the
sales commissions incurred to Gmarket through Enuri's services.

ARTICLE 8 (PROHIBITION ON TRANSFER)

Enuri and Gmarket shall not transfer, provide as security or otherwise dispose
of the rights and obligations under this Contract to a third party.

ARTICLE 9 (COMPENSATION FOR DAMAGE)

1.   In case either Enuri or Gmarket causes damage to the other party due to
     causes attributable to either party that are beyond common technical
     knowledge in the internet related business, the party in default shall be
     liable to compensate the other party for such damage, provided, however,
     that with respect to damage incurred due to an act of God or force majeure,
     emergency, restrictions under laws or administrative guidance of public
     institution, both parties shall be released from any responsibility.

2.   Gmarket shall promptly correct any willful or program-defect caused
     omission of a sale, upon verification or notice from Enuri and notify Enuri
     of such correction. If Gmarket fails to correct such omission within the
     term agreed by Enuri and Gmarket, Gmarket shall be responsible for all
     damages incurred thereby and shall be criminally and civilly liable
     therefor.

ARTICLE 10 (TERMINATION OF THE CONTRACT)

     1)   In the event one party cannot conduct its ordinary businesses due to
          bankruptcy, company reorganization, commencement of an insolvency
          proceeding and petition for bankruptcy or composition;

     2)   In the event one party breaches or fails to perform a provision of
          this Contract;

     3)   In the event one party causes damages to the other party resulting
          from gross negligence or deliberate action; or

     4)   In any other cases where the Contract cannot be maintained.

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ARTICLE 11 (INTERPRETATION OF THE CONTRACT)

Any controversy relating to matters not provided for in this Contract or the
interpretation hereof shall be resolved by mutual agreement between Enuri and
Gmarket in accordance with relevant laws and commercial practices.

ARTICLE 12 (CONFIDENTIALITY)

1.   Enuri and Gmarket shall not use the business secrets of the other party
     acquired in the course of performance of this Contract for purposes other
     than performance of this Contract and shall not disclose them to a third
     party without prior consent by the other party.

2.   The disclosing party shall be responsible for all damages incurred by
     disclosing the business secrets of the other party and shall be criminally
     and civilly liable therefor.

ARTICLE 13 (AMENDMENTS)

1.   If necessary, this Contract may be amended or supplemented by a written
     agreement upon mutual consent of the parties.

2.   In the case of more than one of such written agreement, the last written
     agreement shall prevail.

ARTICLE 14 (COMPETENT COURT)

In case any disputes arise in connection with this Contract or matters not
provided for by this Contract, the disputes shall be subject to the court having
jurisdiction over Enuri's place of business.

ARTICLE 15 (MAINTENANCE OF THE CONTRACT)

In witness whereof, two copies of this Contract shall be executed, and Enuri and
Gmarket shall sign and affix their respective seals and then respectively keep
one copy hereof.

                                  July 1, 2005

(Enuri)     Company Name: Enuri.com Co., Ltd.

            Address: 4th Fl., Choonchen Bldg. 159-5 Dongkyo-dong, Mapo-Gu, Seoul

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            Representative Director: Hong Chul Seo (seal)

(Gmarket)   Company Name: Gmarket Inc.

            Address: 6th Fl., Nam Seoul Building, 1304-3 Seocho-Dong, Seocho-Gu,
            Seoul
            Representative Director: Young Bae Ku (seal)

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