SEOUL, May 20 (Korea Bizwire) – The competition among South Korea’s major food delivery apps — Baedal Minjok, Coupang Eats and Yogiyo — to poach customers from one another is intensifying into a bruising battle. The clash among the three services erupted last year over discounts on delivery fees. After a brief lull, their rivalry reignited [...]
SEOUL, May 8 (Korea Bizwire) – Coupang Eats, the food delivery service from the e-commerce giant Coupang, has significantly extended its lead over its rival Yogiyo in terms of monthly active users, according to data from WiseApp, a mobile app analysis service. In April, Coupang Eats had 6.97 million active users, surpassing Yogiyo’s 5.76 million by [...]
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, July 22 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday it extended the deadline for the sale of Delivery Hero’s food delivery affiliate here, Yogiyo, until Jan. 2 next year, as the German company is facing difficulty in finding a potential investor. In December last year, the Korea Fair Trade Commission (KFTC) ordered [...]
SEOUL, June 30 (Korea Bizwire) — South Korea’s top two retailers — Shinsegae Group and Lotte Group — have not joined the race to take over Yogiyo, the country’s second-largest food delivery app, industry sources said Wednesday. The rivaling retail giants had been considered the two most viable potential bidders for Yogiyo, run by Germany’s [...]
SEOUL, May 14 (Korea Bizwire) – The fierce competition over the acquisition of eBay Korea and Yogiyo is sweeping through the merger and acquisition (M&A) market in the retail industry. The acquisition of South Korean unit of the U.S. online shopping giant has attracted Lotte Shopping Co., E-Mart Inc. from Shinsegae Group, SK Telecom Co. [...]
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, Nov. 8 (Korea Bizwire) — Last Tuesday, the Ministry of Employment and Labor recognized the status of delivery people at Yogiyo, a South Korean food delivery platform, as workers, raising controversy over how to address platform labor. Platform labor refers to a form of labor achieved through intermediary platforms such as mobile apps. Food [...]
SEOUL, March 15 (Korea Bizwire) – Woowa Brothers Corp., a South Korean startup that operates the country’s most popular food dlivery app, “Baedal Minjok,” said Thursday that it is currently developing an autonomous delivery robot. The self-driving robot – named “Dilly” — is being co-built by a team of researchers from Korea University and is expected to be commercialized [...]
SEOUL, March 24 (Korea Bizwire) – A recent report indicates that eight out of ten restaurants nationwide that offer delivery have partnerships with delivery applications. Baedal Minjok, Baedaltong, and Yogiyo issued a joint report that revealed statistics about restaurants offering delivery services. The researchers investigated 702 restaurants nationwide from November 2015 to February 2016, to [...]