E-commerce
E-commerce
Singapore-based Qoo10 acquires South Korean e-tailer WeMakePrice
Apr 07, 2023 (Gmt+09:00)
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E-commerce
Kurly seeks fresh funding at half its peak valuation
Kurly Inc., South Korea’s leading food delivery platform, has embarked on a new funding round to raise 100 billion won ($76 million) at about h...
Apr 03, 2023 (Gmt+09:00)
3 Min read -
E-commerce
Korea's Cafe24 launches customized enterprise service
South Korea's global e-commerce platform Cafe24 Corp. announced on Tuesday the launch of a new page called "Cafe24 Enterprise Service," which is desi...
Mar 29, 2023 (Gmt+09:00)
1 Min read -
E-commerce
S.Korea's Oasis posts surplus for second straight year
South Korea's Oasis Corp., a grocery delivery platform specializing in early morning shipments, on Tuesday said it posted last year operating profit ...
Mar 22, 2023 (Gmt+09:00)
1 Min read -
E-commerce
Gmarket launches overseas hotel search service
Gmarket on Thursday say it will launch a customized search service for hotels abroad.Users can input hotel-related keywords into the Gmarket app's se...
Jan 06, 2023 (Gmt+09:00)
1 Min read -
E-commerce
Shopee Korea widens logistics service range for Thailand
Shopee Korea, an e-commerce platform for Southeast Asian and Taiwanese customers, said on Wednesday that it would expand the Shopee Logistics Service ...
Dec 07, 2022 (Gmt+09:00)
1 Min read -
E-commerce
Coupang posts first profit in 8 years after adopting rapid delivery
South Korea's Coupang CEO Kim Bom-seok has kept his promise, with his online shopping giant posting its first surplus in eight years since introducin...
Nov 10, 2022 (Gmt+09:00)
1 Min read -
E-commerce
Coupang launches Rocket Fashion Growth division to beef up fashion retail
Coupang, Inc. recently established the Rocket Growth Fashion division, according to industry insiders on Monday. As the name suggests, the team will ...
Nov 08, 2022 (Gmt+09:00)
2 Min read -
E-commerce
Coupang launches ultra-fast Rocket Delivery service in Taiwan
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, said on Wednesday it has launched its ultra-fast delivery service in ...
Oct 26, 2022 (Gmt+09:00)
2 Min read -
E-commerce
Korea's luxury e-commerce platform Balaan completes Series C
South Korean luxury e-commerce platform operator Balaan Co. will complete the attraction of 25 billion won ($17.3 million) in investment in a Series ...
Oct 16, 2022 (Gmt+09:00)
2 Min read -
E-commerce
Naver to buy Poshmark at $1.6 bn to boost US e-commerce biz
Naver Corp. is set to take over US Poshmark Inc. for some $1.6 billion to make inroads into the e-commerce sector in North America as South Korea&rsq...
Oct 04, 2022 (Gmt+09:00)
2 Min read -
Earnings
Coupang posts first positive EBITDA, raises full-year forecast
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, said on Wednesday its second-quarter performance has improved signifi...
Aug 11, 2022 (Gmt+09:00)
2 Min read -
E-commerce
Fashion platform Brandi eyes unicorn status with $51 mn funding round
South Korean fashion e-commerce platform Brandi Inc. has embarked on a 67 billion won ($51 million) funding round, hoping for around 800 billion won...
Jul 20, 2022 (Gmt+09:00)
1 Min read -
E-commerce
SSG.COM joins race for top spot in luxury online shopping in Korea
SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., launched its online luxury goods marketplace SSG Luxury on July 3. Focusin...
Jul 04, 2022 (Gmt+09:00)
2 Min read -
E-commerce
Korean app market One Store to venture into SE Asia
One Store Co., South Korea's homegrown app store, will venture into Taiwan and Southeast Asia within the year, aiming to crack Google and Apple's duo...
May 10, 2022 (Gmt+09:00)
2 Min read -
E-commerce
Coupang's No. 2 shareholder unloads over $1 bn shares
Coupang Inc.'s second-largest shareholder Geenox Capital sold about 1.6 trillion won ($1.4 billion) worth of shares in the South Korean e-commerce pl...
Dec 29, 2021 (Gmt+09:00)
1 Min read -
E-commerce
Coupang’s share price rebounds as market digests lockup release
Shares of Coupang Inc., widely seen as the South Korean version of global e-commerce giant Amazon.com, are staging a rebound as the market is gradua...
Dec 27, 2021 (Gmt+09:00)
2 Min read -
E-commerce
Coupang embraces affordable fashion industry
Korea’s e-commerce giant Coupang is looking to tap into the country’s mid-range fashion market. The company is now reversing the industr...
Dec 21, 2021 (Gmt+09:00)
3 Min read -
E-commerce
KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal
KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is e...
Nov 26, 2021 (Gmt+09:00)
3 Min read -
E-commerce
STIC invests $20 mn in e-commerce giant Tiki
South Korean private equity firm STIC Investments Inc. has invested $20 million in Vietnam’s e-commerce giant Tiki Corporation’s series ...
Nov 17, 2021 (Gmt+09:00)
1 Min read -
E-commerce
MBK seeks to buy two S.Korean e-commerce platforms
MBK Partners is in talks to buy management rights of two e-commerce platforms listed on South Korea's Kosdaq market in a package deal, according to i...
Nov 09, 2021 (Gmt+09:00)
3 Min read -
E-commerce
Yanolja likely to buy $250 mn stake in Interpark spin-off
South Korea's top travel and accommodation platform Yanolja Inc., backed by SoftBank, was on Thursday named as the preferred buyer of a majority stak...
Oct 14, 2021 (Gmt+09:00)
1 Min readlanguage -
E-commerce
Korea's first-generation platforms collapse, ringing in new e-commerce era
South Korea's first-generation e-commerce platforms, which have been around since the 1990s, are rushing to sell off their businesses as their valuat...
Oct 05, 2021 (Gmt+09:00)
2 Min read -
E-commerce
SoftBank sells part of Coupang shares for $1.7 bn
Vision Fund, led by SoftBank Group founder Masayoshi Son, has sold one-tenth of its shares in South Korea's e-commerce platform Coupang Inc. for $1.6...
Sep 17, 2021 (Gmt+09:00)
1 Min read -
E-commerce
Coupang’s business model put to test as shares fall below IPO price
Coupang Inc., widely seen as the South Korean version of global e-commerce giant Amazon.com, has closely followed the US company’s business mod...
Sep 10, 2021 (Gmt+09:00)
4 Min readlanguage -
E-commerce
Amazon Global Store shakes up S.Korea’s e-commerce scene
Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onli...
Sep 08, 2021 (Gmt+09:00)
1 Min read -
E-commerce
Amazon teams up with SK’s 11Street to offer Global Store for Koreans
SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US co...
Aug 26, 2021 (Gmt+09:00)
2 Min readlanguage -
Earnings
Coupang’s revenue grows by more than 50% for 15 consecutive quarters
The US-listed e-commerce giant Coupang Inc. has posted its highest-ever quarterly revenue. The company reported on Aug. 12 that its second-quarter re...
Aug 12, 2021 (Gmt+09:00)
1 Min readlanguage -
E-commerce
Diet boom drives Foodnamoo to 52-week high
South Korea-based Foodnamoo Inc., the operator of diet product platform Rankingdak.com, has hit a new 52-week high as its share price closed at the d...
Aug 11, 2021 (Gmt+09:00)
2 Min read -
M&As
Naver to acquire 20% of Cafe24 to strengthen e-commerce presence
Naver Corp., South Korea’s top online portal, is set to acquire 20% of Cafe24, a Seoul-based global e-commerce solutions provider, to expand it...
Aug 09, 2021 (Gmt+09:00)
3 Min readlanguage
Hidden Champions
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