food delivery app Archives | Be Korea-savvy
Baemin Under Fire as Competition Heats Up in Food Delivery App Market

Baemin Under Fire as Competition Heats Up in Food Delivery App Market

SEOUL, July 23 (Korea Bizwire) — South Korea’s food delivery app market has turned into a money game, putting the market leader Baedal Minjok – typically referred to as Baemin – in a crisis code. To expand their presence in the rapidly growing food delivery app market, latecomers, armed with abundant capital, are chasing the [...]

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 to Conquer S. Korea’s Delivery App Market

Delivery Hero to Conquer S. Korea’s Delivery App Market

SEOUL, Dec. 19 (Korea Bizwire) — Germany-based online delivery service provider Delivery Hero is forecast to take control of South Korea’s food delivery app market following its proposed megadeal to buy the country’s top food delivery app operator, Woowa Brothers Corp., industry data showed Thursday. On Friday, Delivery Hero announced that it will acquire an [...]

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 [...]

Food Delivery Apps Expanding Rapidly in S. Korea

Food Delivery Apps Expanding Rapidly in S. Korea

SEOUL, Apr. 12 (Korea Bizwire) — Food delivery mobile applications are growing rapidly in South Korea, driven by burgeoning demand amid the spread of the lone-eating trend and a rising number of single households, industry sources said Tuesday. Baedal Minjok, a leading mobile delivery app run by local startup Woowa Brothers, raked in 84.8 billion [...]