Baedal Minjok Archives | Be Korea-savvy
S. Korea’s Top Food Delivery Service Under Fire for Monopolistic Pricing

S. Korea’s Top Food Delivery Service Under Fire for Monopolistic Pricing

SEOUL, April 7 (Korea Bizwire) – The pending merger between the nation’s number one food delivery app Baedal Minjok (Baemin), and Yogiyo, the industry’s second largest player, has led to a growing negative public sentiment with widespread concerns about monopolistic behavior. In particular, recent changes to Baemin’s fee system from a flat rate to a [...]

Delivery Hero Buys Food Delivery App Baemin in US$4 bln Deal

Delivery Hero Buys Food Delivery App Baemin in US$4 bln Deal

SEOUL, Dec. 13 (Korea Bizwire) — Germany-based company Delivery Hero has agreed to buy South Korea’s top food delivery app operator, Woowa Brothers Corp., for US$4 billion, industry officials said Friday. The German firm, which also has second-biggest delivery player Yogiyo under its wing, will acquire an 87 percent stake in Woowa Borthers, operators of [...]

No. 1 Food Delivery App Begins Services for Single-person Households

No. 1 Food Delivery App Begins Services for Single-person Households

SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s leading food delivery app Baedal Minjok, or Baemin for short, said Sunday it began services for single-member households to meet their growing demands. If they order food through Baemin services, consumers now can order food worth less than 10,000 won (US$8.80) for one person, the company said [...]