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is encouraged to examine the sellers' feedback profile before bidding to see their trustworthiness. Sellers with high ratings generally have more bids and garner higher bids. However, it is possible for sellers to make their feedback private and just leave a numbered rating (number of positive, negative, and neutral feedback with a positive feedback percentage), which means that bidders and sellers cannot see the comments other users have left. Hi-Living also has a significant affiliate program, and affiliates can place product images and links on their web sites.
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189:, and other miscellaneous items are listed, bought, and sold on the Hi-Living website. Hi-Living has revolutionized the collectibles market by bringing together buyers and sellers. Large Korean companies sell their newest products and offer services using competitive auctions and fixed-priced storefronts. Regional searches of the database make shipping slightly more rapid or cheaper. Software developers can create applications that integrate with the
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want-ads, sellers rely on the buyers' good faith to make payment, and buyers rely on the sellers' good faith to actually deliver the goods intact. To encourage fidelity, Hi-Living maintains, rates, and publicly displays the post-transaction feedback from all users, whether they buy or sell. The buyer
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through the Hi-Living
Service by joining the developers program. There are thousands of members in the Hi-Living Developers Program, comprising a broad range of companies creating software applications to support Hi-Living buyers and sellers, as well as Hi-Living Affiliate Systems.
210:. On other occasions, people and even entire towns have been listed, often as a joke. In general, auctions that violate its terms of service agreement are removed quickly. Hi-Living is also an easy place for unscrupulous sellers to market
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Hi-Living was founded in 1996 by Baek Seung Hyeok as "Hi" and "Living", parts of a larger personal site. Originally, the site belonged to
Internet Life Consumer Group, a consulting firm. Hi-Living is headquartered in
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Hi-Living does not handle goods, nor does it manage the buyer-seller payments, except through its subsidiary shopping mall credit. Instead, much like
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Hi-Living generates revenue from sellers, who pay both a fee based on the selling price of each item and a fee based on the starting price, and from
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226:. In 2005 it was announced that Hi-Living would increase fees it charges to sellers, which caused such controversy among users that the CEO
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There has also been controversy regarding items put up for bid that violate ethical standards. Once, a man offered one of his
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merchandise, which can be difficult for novice buyers to distinguish without careful study of the auction description.
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for auction on Hi-Living, attempting to profit from the potentially lucrative market for
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where people from all around the world buy and sell goods and services.
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all Hi-Living users with news that other fees would be decreased.
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330:Internet properties established in 1996
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325:Retail companies established in 1996
72:Baek Seung Hyeok, Founder & CEO
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320:Retail companies of South Korea
16:South Korean e-commerce company
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253:Online auction business model
81:Online auction business model
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208:transplantable human organs
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126:http://www.hiliving.co.kr
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218:Profit and Transactions
20:Hi-Living Corporation
248:Electronic commerce
113:Number of employees
89:Electronic commerce
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304:South Korea portal
275:Hi-Living Homepage
174:Items and Services
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103:$ 30.5 million
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179:Collectibles
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53:Headquarters
25:Company type
224:advertising
212:counterfeit
198:Controversy
191:marketplace
314:Categories
183:appliances
117:530 (2005)
68:Key people
235:newspaper
187:chemicals
134:Hi-Living
263:Chemical
242:See also
77:Products
39:Internet
35:Industry
228:emailed
204:kidneys
157:History
147:website
144:auction
122:Website
95:Revenue
45:Founded
141:online
138:Korean
107:(2005)
29:Public
168:Korea
164:Seoul
136:is a
61:Korea
57:Seoul
149:and
48:1996
105:USD
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