E-commerce
E-Commerce Startup Kurly Eyes Domestic IPO After Raising $200M
Market Kurly Inc., a South Korean logistics and food delivery service provider announced that it would list its shares in...
LG’s LX Group to Launch On E-Commerce Fulfillment Service with Pantos
LX Group, an LG Corp. spinoff company, announced that it would be joining the global e-commerce industry. In particular, LX...
Lotte, Shinsegae Secures Assets Ahead of eBay Korea Bidding Finalization
The two South Korean retail giants, Lotte Group and Shinsegae Group increased their asset securitization efforts ahead of the eBay...
Kakao Challenges Local Rivals with E-commerce Platform Launch in July
Kakao Corp. currently prepares to participate in the South Korean e-commerce sector. In particular, Kakao would be launching its e-commerce platform...
Lotte, Shinsegae Bid to Acquire eBay, Korea’s 3rd-Largest Retail Platform
The two South Korean retail companies, Lotte Group, and Shinsegae Group submitted their binding bids to acquire eBay Korea. Investment banking sources said...
Coupang Ventures Overseas with 1st E-commerce Operation in Japan
Coupang Inc., the largest South Korean online retailer, announced that it had begun its global expansion by introducing its platform...
Naver Strengthens European E-commerce Footing with Smart Store Spain
Naver Corp., South Korea’s leading search engine operator, shared its plans to reinforce its foothold in the fast-growing European e-commerce...
Kakao Diversifies E-Commerce Services with Zigzag Acquisition
Kakao Corp. announced that it would acquire Croquis, the operator of ZigZag, a local fashion shopping platform startup. Recently, the South Korean...
Naver, Shinsegae Partner to Strengthen Next-Gen E-Commerce Network
Naver Corp. and Shinsegae Group revealed they had formed a partnership to reinforce their standing in the ever-changing e-commerce industry. Recently, the e-commerce...
NCSoft Becomes First Gaming Company to Employ ESG Strategies
NCSoft Corporation, a video game developer and distributor, announced it had established the ESG (Environmental, Social, and Governance) Management Committee. Since ESG...
Coupang Sees Spike in Shares Amid 2021’s largest US IPO Yet
South Korean e-commerce company Coupang saw a spike in its shares following its debut on the New York Stock Exchange. With backing...
KT, LG Uplus Invests 26 Billion Won in SK Telecom’s ONE Store
South Korean telecommunications companies KT Corporation and LG Uplus announced they would support the homegrown app market ONE Store’s growth. Established in 2016, ONE Store is...
Naver Expand Innovative E-commerce Platform with Wallapop Partnership
Naver Corporation, South Korea’s top web portal operator, revealed it had formed a strategic investment in the Spanish virtual marketplace...
Naver Buys Wattpad For 653 Billion Won
South Korean development company Naver Corp. announced they have acquired the Canadian multi-platform storytelling company, Wattpad Corp. The transaction between...
COMEUP 2020 Day 3: Commerce: E-Commerce End Game?
The Ministry of SMEs and Startups successfully launched this year’s biggest startup festival in South Korea, the COMEUP 2020, from November 19-21. The...
Amazon to Purchase 30 Pct of SK Telecom’s E-Commerce Platform 11st
U.S.-based e-commerce platform operator Amazon announced that it would collaborate with SK Telecom’s 11st by acquiring 30 percent of the...
Naver, CJ Sign 600 Bln Won Share-Swap Deal to Strengthen E-Commerce
South Korea's leading internet portal operator Naver announced that it signed a 600 billion won ($531 million) share-swap agreement with...