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Automobiles
Hyundai mulls robot dog Spot for facility inspector job
South Korea's largest carmaker Hyundai Motor Group is considering employing Spot, the four-legged robot developed by Boston Dynamics Inc., in its ...
Sep 10, 2021 (Gmt+09:00)
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Hydrogen economy
Iljin Hysolus shares hit ceiling on first day of trading
South Korea’s only mass-producer of hydrogen tube trailers, Iljin Hysolus Co. made a strong debut on Kospi by reaching the price ceiling on it...
Sep 01, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero sells Yogiyo to GS Retail, Affinity-led group
Germany’s Delivery Hero SE has signed an agreement to sell South Korea’s second-largest food delivery platform Yogiyo to a consortium of...
Aug 15, 2021 (Gmt+09:00)
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The Secret to CrossFit Games Domination: Bobsledding in South Korea
How far was the four-time reigning women’s CrossFit Games champion willing to go to stay in tiptop shape and defend her title? From Tennessee ...
Aug 12, 2021 (Gmt+09:00)
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Banking & Finance
KakaoBank falls out of Kospi top 10 on 3rd trading day
KakaoBank Corp. has fallen out of the top 10 list on Kospi on Aug. 10, its third trading day, with Celltrion and Kia Corp. overtaking the company ag...
Aug 10, 2021 (Gmt+09:00)
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The Deep Dive
Korea redefines dining experience with meal kits and delivery food
A good old-fashioned, home-cooked meal is becoming a thing of the past in Korean households, with a wide range of home meal replacements (HMRs) an...
Jul 29, 2021 (Gmt+09:00)
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Food stories from a chef
Food Delivery in Korea 101
With the recent spike in daily new Covid-19 cases, it’s a good time to review the great delivery options that are available in Korea. Delivery...
Jul 27, 2021 (Gmt+09:00)
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IPOs
KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season
South Korea’s initial public offering market is sizzling with KakaoBank Corp. and other big names set to go public in coming weeks amid expect...
Jul 25, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero gets 5 more months to sell Yogiyo until January
South Korea’s antitrust regulator said on Thursday it is extending the deadline for Germany’s Delivery Hero SE to sell food delivery pla...
Jul 22, 2021 (Gmt+09:00)
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IPOs
COVID-19 test kit supplier makes modest market debut
SD Biosensor Inc., the world's largest COVID-19 test kit seller, made a modest debut on the Korea Exchange on Friday, defying market expectations th...
Jul 16, 2021 (Gmt+09:00)
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M&As
Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo
A consortium led by global investment firm Affinity Equity Partners is the most likely candidate to acquire South Korea’s second-largest food ...
Jul 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero seeks more time to sell Korea's Yogiyo
Delivery Hero SE has requested up to another six months to sell South Korea's No. 2 food delivery platform Yogiyo, the estimated value of which was ...
Jul 13, 2021 (Gmt+09:00)
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Robotics
Woowa Brothers launches last-mile indoor food delivery robot in Seoul
Woowa Brothers Corp., South Korea’s top food delivery app operator, has launched a last-mile indoor robot food delivery service, as people inc...
Jul 13, 2021 (Gmt+09:00)
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Private equity
Baring PEA exits from Korean delivery firm in eight years
Baring Private Equity Asia has finally cashed out of South Korea's No. 5 parcel delivery company with a double-digit return, in eight years since it...
Jul 09, 2021 (Gmt+09:00)
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Private equity
PEF-owned Korean firms jumping off IPO bandwagon
South Korea's initial public offering market is gaining fresh momentum from high-profile listings such as mobile banking app KakaoBank and game deve...
Jul 08, 2021 (Gmt+09:00)
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Korean startups
Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion
South Korea-based grocery delivery platform Oasis Corp., referred to as Oasis Market, has attracted 50 billion won ($44 million) from global private...
Jul 07, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero's Korean unit sale hits dead end
Delivery Hero SE on Thursday postponed the deadline again for the final bidding of South Korea's Yogiyo, amid market doubts over the country's No. 2...
Jun 24, 2021 (Gmt+09:00)
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Korean startups
Delivery service provider Barogo wraps up $72 mn Series C round
Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...
Jun 10, 2021 (Gmt+09:00)
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E-commerce
Survival of the richest: Coupang corners Baemin
South Korea's e-commerce giant Coupang Corp. is ready to take over the food delivery market via aggressive investments -- a move that is pressuring ...
May 27, 2021 (Gmt+09:00)
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Private equity
Baring PEA revives IPO plan for delivery firm Logen
Baring Private Equity Asia is joining a group of private equity firms that have just resumed the stalled process for initial public offerings of the...
May 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery app Yogiyo bidders narrowed to Shinsegae, PEFs
Germany's Delivery Hero SE has narrowed down the list of bidders for South Korea’s second-largest food delivery platform Yogiyo to Shinsegae I...
May 11, 2021 (Gmt+09:00)
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E-commerce
Delivery app Yogiyo draws bids from retailers, PEFs
South Korea’s second-largest food delivery app Yogiyo has drawn about 10 preliminary bidders, including retailer Shinsegae and private equity ...
May 05, 2021 (Gmt+09:00)
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Energy
Hyundai Motor, BTS celebrate Earth Day with hydrogen campaign
South Korea’s top automaker Hyundai Motor Co. and global K-pop boyband sensation BTS have collaborated to urge people to protect the environ...
Apr 21, 2021 (Gmt+09:00)
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E-commerce
Sale of Korea’s No.2 delivery app Yogiyo kicks off with May 4 prelim bid
The sale of South Korea’s second-largest food delivery app Yogiyo has kicked off with the sell-side issuing an information memorandum to poten...
Apr 07, 2021 (Gmt+09:00)
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Revenue club
Korea’s top delivery app operator Woowa joins 1 trillion won sales club
Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...
Mar 31, 2021 (Gmt+09:00)
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Venture capital
KTB Network wins jackpot from Korean delivery app sale
KTB Network Co., a South Korean venture capital firm, has pocketed a double-digit return, or 62.5 billion won ($55 million) from the sale of its sta...
Mar 30, 2021 (Gmt+09:00)
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Robotics
Hyundai, Woowa Brothers tie up to develop last-mile delivery robot
Hyundai Motor Group and Woowa Brothers Corp., the country’s top food delivery app operator, have agreed to jointly develop delivery robots cap...
Mar 19, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero kicks off sale of S.Korea's No.2 delivery app Yogiyo
Germany-based online food delivery service Delivery Hero SE has kicked off the sale process of South Korea's second-largest food delivery app, Yogiy...
Mar 16, 2021 (Gmt+09:00)
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Wealth donations
Founder of Korea’s top delivery app Baemin to donate over half his wealth
Kim Bong-jin, founder of South Korea’s top food delivery app Baedal Minjok, or Baemin in short, has committed to donating more than half of hi...
Feb 18, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo
Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillio...
Jan 18, 2021 (Gmt+09:00)