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Coupang Returns to Delivery Market

Coupang Returns to Delivery Market

SEOUL, Jan. 15 (Korea Bizwire) — The delivery market is bracing for Coupang Corp.’s move to jump into the delivery business. Coupang Logistics Service, a subsidiary of South Korea’s leading e-commerce operator, was recently certified by the Ministry of Land, Infrastructure and Transport to engage in cargo distribution business. Coupang Logistics acquired distributor certification by [...]

Korean Air Shareholders Approve Proposal to Change Articles of Association for Asiana Takeover

Korean Air Shareholders Approve Proposal to Change Articles of Association for Asiana Takeover

SEOUL, Jan. 6 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday its shareholders approved a plan to change the company’s articles of association to help finance its planned acquisition of smaller rival Asiana Airlines Inc. In an extraordinary shareholders’ meeting, 70 percent of the Korean Air stakeholders voted for the [...]

S. Korea Gives Conditional Approval to Delivery Hero’s Takeover of Woowa

S. Korea Gives Conditional Approval to Delivery Hero’s Takeover of Woowa

SEOUL, Dec. 28 (Korea Bizwire) — South Korea’s antitrust regulator on Monday gave a conditional approval to a US$4 billion deal for Germany’s Delivery Hero (DH) to buy the country’s top food delivery app operator, Woowa Brothers. The Korea Fair Trade Commission (KFTC) said it granted the permission for the takeover on condition that DH [...]

E-commerce Giant Coupang Launches Video Streaming Service

E-commerce Giant Coupang Launches Video Streaming Service

SEOUL, Dec. 24 (Korea Bizwire) — Coupang Corp., South Korea’s leading e-commerce operator, said Thursday it has launched a subscription-based video streaming service, heating up competition in the country’s growing over-the-top (OTT) media market. The e-commerce giant said its new service, Coupang Play, is currently available on Android smartphones and it will expand support for [...]

Korean Air Ships COVID-19 Vaccine Ingredient to Europe

Korean Air Ships COVID-19 Vaccine Ingredient to Europe

SEOUL, Dec. 9 (Korea Bizwire) — Korean Air Co., South Korea’s largest carrier, said Wednesday it has shipped a COVID-19 vaccine ingredient from Incheon to Amsterdam using its cold chain logistics as it gears up for upcoming deliveries of vaccines. A passenger flight transporting a Korean company’s vaccine ingredient departed from Incheon International Airport on [...]

S. Korean Firm Launches Real-time Integration Partnership with Facebook

S. Korean Firm Launches Real-time Integration Partnership with Facebook

SEOUL, Dec. 9 (Korea Bizwire) — Cafe24, a provider of web hosting and e-commerce solutions, said Tuesday it had launched a real-time integration partnership with Facebook Shops. Facebook Shops refers to an e-commerce service that integrates shopping malls with Facebook and Instagram. If users click the button below production information updated by Facebook or Instagram, [...]