SEOUL, June 19 (Korea Bizwire) — On a weekday afternoon in Seoul, a single-person household places a modest ₩9,000 food order through Baemin. It’s a small indulgence—but soon, it will come with even smaller strings attached. In a move that could reshape the economics of Korea’s food delivery market, Woowa Brothers Corp., the operator behind [...]
BUSAN, Jul. 22 (Korea Bizwire) – In a bustling city known for its seafood and beaches, a new concern is brewing among parents and authorities alike: the ease with which minors can access alcohol and cigarettes through delivery apps. “It’s frustrating when someone who’s clearly underage asks me to buy alcohol or cigarettes,” said a delivery [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s agriculture ministry said Friday it has set aside 20 billion won (US$17 million) to offer rebates to users of food delivery apps to promote social distancing and support local restaurants. Under the program set to start Wednesday, the government will provide a 10,000 won refund to those [...]
SEOUL, Aug. 13 (Korea Bizwire) – A consortium led by GS Retail Co., the supermarket operating unit of GS Group, has acquired Yogiyo, the No. 2 online food delivery app in South Korea, for 800 billion won (US$684.3 million), the retailer said Friday. The consortium, including Affinity Equity Partners and Permira, has reached the deal [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korean food delivery app users order food at least five times a month on average, according to recent data. Woowa Brothers Corp., operator of the country’s top food delivery app Baedal Minjok, reported that each user ordered food from 35 stores on average last year. The proportion of [...]
SEOUL, Nov. 12 (Korea Bizwire) — A recent survey has revealed that 8 out of 10 food delivery app users have had the experience of ordering more than they need to meet the minimum order amount. According to a survey conducted by the Consumers Union of Korea of 500 adult consumers living in metropolitan areas, [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean food delivery applications saw their sales hit a fresh high in August as more people refrained from dining out and stayed home amid the stricter social distancing scheme, data showed Tuesday. The combined transactions made through the country’s four major food delivery applications came to 1.2 trillion [...]
SEOUL, June 2 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday fined food delivery app Yogiyo 468 million won (US$381,947) for exploiting its dominant position in the local market. The Fair Trade Commission (FTC) also ordered Yogiyo to take some corrective measures, saying that the company unilaterally introduced a scheme to prevent its contracted [...]
SEOUL, Feb. 14 (Korea Bizwire) — Woowa Brothers Corp., the operator of delivery app Baedal Minjok, said Thursday that it will introduce an artificial intelligence (AI) delivery service for the first time in South Korea. The company explained that the system will be launched in the Songpa and Gangdong districts in Seoul on February 27 [...]
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 [...]