SEOUL, Jul. 11 (Korea Bizwire) – GS Retail Co., a major South Korean retailer, on Wednesday announced a 33 billion won (US$29 million) equity investment in a United States online retailer in its first overseas investment. GS Retail said it signed an agreement with Thrive Market, Inc. on Tuesday to buy stock in the U.S. [...]
SEOUL, June 4 (Korea Bizwire) — BGF Co., the investment unit of South Korea’s largest convenience store chain CU, said Monday that it has joined forces with a SK Group affiliate to better tap into the fast growing online grocery sector. The convenience store operator said it inked an agreement to buy new stocks of [...]
SEOUL, May 8 (Korea Bizwire) – Grocery shopping via online and mobile channels in South Korea rose sharply in the first quarter from a year earlier, backed by robust demand for delivery services of fresh food amid a rise in the number of one-person households, data showed Friday. The amount of transactions made for fresh produce through online shopping malls reached 2.18 trillion won (US$1.92 billion), up 35.6 percent from the first three months of [...]