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Retail Sector’s AI Evolution: From Search and Recommendation to Autonomous and Hyper-Personalized Services

SEOUL, Feb. 19 (Korea Bizwire) – The utilization of Artificial Intelligence (AI) in the retail industry is advancing beyond basic search functionalities, personalized recommendations, and chatbot consultations, towards unmanned and hyper-personalized services. According to recent industry reports, a competitive race in AI development and application is unfolding across various sectors, including e-commerce, department stores, supermarkets, convenience [...]

E-grocery Startup Market Kurly Partners with RedMart to Sell Korean Food in Singapore

SEOUL, Aug. 11 (Korea Bizwire) — South Korean e-grocery startup Market Kurly has partnered with RedMart, a Singaporean online grocery giant, to sell Korean food online in the Southeast Asian city-state, its operator said Thursday. Under a partnership agreement formally signed Wednesday, the South Korean company began selling 44 ready-to-eat frozen food products in Singapore [...]

E-commerce Grocer Market Kurly Seeking Domestic IPO

SEOUL, Oct. 29 (Korea Bizwire) — South Korean online grocery delivery platform Market Kurly said Friday it aims to go public in the domestic market in 2022 as part of efforts to help hone its competitiveness. Market Kurly said it has picked NH Investment and two other brokerage houses as co-lead managers for its initial [...]

E-commerce Grocer Market Kurly Lures Investment, Seeks Domestic IPO

SEOUL, July 9 (Korea Bizwire) — South Korean online grocery delivery platform Market Kurly has attracted 225.4 billion won (US$196 million) in new investments and is seeking to make a domestic stock market debut, its operator said Friday. Kurly said global asset manager Millennium Management and local logistics giant CJ Logistics Co. have made new [...]

After Coupang, Market Kurly Seeks IPO in 2021 at Home or in U.S.

SEOUL, March 12 (Korea Bizwire) – South Korean e-commerce grocer Market Kurly said Friday it has decided to go public within this year and is exploring whether to make its stock market debut at home or in the United States. “We received positive statements from our accounting consultants about going public within this year,” Market [...]

Pet-related Consumption on the Rise, Led by Antibiotic-free Snacks

SEOUL, July 8 (Korea Bizwire) — Market Kurly, a rapidly growing online grocery delivery platform, announced on Tuesday that its analysis of companion animal-related consumption for the first half of this year showed that sales of antibiotic-free snacks rose sharply. At Market Kurly, antibiotic-free jerky made of the tenderloin of home-grown duck meat topped the [...]

FTC Chief Praises Market Kurly for Co-existence with Suppliers

SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s antitrust chief gave a positive assessment of the win-win system with suppliers led by online grocery shopping platform Market Kurly. Joh Sung-wook, the chairperson of the Fair Trade Commission (FTC), met Thursday with representatives of Market Kurly and its suppliers at the company’s logistics center in Seoul’s [...]