Delivery app Yogiyo draws bids from retailers, PEFs

South Korea’s second-largest food delivery app Yogiyo has drawn about 10 preliminary bidders, including retailer Shinsegae and private equity ...

Sale of Korea’s No.2 delivery app Yogiyo kicks off with May 4 prelim bid

The sale of South Korea’s second-largest food delivery app Yogiyo has kicked off with the sell-side issuing an information memorandum to poten...

Fresh food logistics startup Team Fresh secures 30 bn won in Series C

South Korea-based fresh food logistics startup Team Fresh has concluded its 30 billion won ($26.7 million) Series C round, attracting high-profile i...

Korea’s top delivery app operator Woowa joins 1 trillion won sales club

Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...

KTB Network wins jackpot from Korean delivery app sale

KTB Network Co., a South Korean venture capital firm, has pocketed a double-digit return, or 62.5 billion won ($55 million) from the sale of its sta...

Hyundai, Woowa Brothers tie up to develop last-mile delivery robot

Hyundai Motor Group and Woowa Brothers Corp., the country’s top food delivery app operator, have agreed to jointly develop delivery robots cap...

Delivery Hero kicks off sale of S.Korea's No.2 delivery app Yogiyo

Germany-based online food delivery service Delivery Hero SE has kicked off the sale process of South Korea's second-largest food delivery app, Yogiy...

Founder of Korea’s top delivery app Baemin to donate over half his wealth

Kim Bong-jin, founder of South Korea’s top food delivery app Baedal Minjok, or Baemin in short, has committed to donating more than half of hi...

Startups spice up Korean food export market

South Korean startups are at the forefront of the Korean food export boom as they boost global awareness of popular dishes such as spicy fermented c...

Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo

Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillio...

CJ Cheiljedang to set up food production plant in South Dakota

South Korea's food and beverage giant CJ CheilJedang Corp. will establish a food production plant that makes mandu in the 560,000 square meters of l...

GS Caltex to showcase drone delivery, future gas stations at CES 2021

GS Caltex Corp., a South Korean oil refiner aiming to become a serious logistics player by navigating hard-to-access areas for delivery, is looking ...

Korea’s fried chicken brands fly high on food delivery boom

Once derided as a tomb for the self-employed due to cut-throat competition, fried chicken franchises in South Korea have emerged as a main beneficia...

Delivery Hero welcomes Baemin, seeks new home for Yogiyo

Germany-based online food delivery service Delivery Hero SE will sell off its prized South Korean business, Yogiyo, the country's second-largest...

Bibigo mandu sets milestone in Korean food industry

South Korea's food and beverage giant CJ CheilJedang Corp. has become the first domestic food company to have a single item pull in over 1 trill...

Delivery Hero, Woowa $4 bn merger faces hiccup due to KFTC

The proposed merger between Germany-based Delivery Hero SE and South Korea's Woowa Brothers Corp. has hit a roadblock due to the Korea Fair Trade Co...

Korea's signature sauce gochujang goes global, riding on K-wave

South Korea’s food exports have surged on the back of Korean dramas, or more popularly known as K-dramas, gaining global popularity particularly...

Korea's signature sauce gochujang goes global, riding on K-wave

South Korea’s food exports have surged on the back of Korean dramas, more popularly known as K-dramas, gaining global popularity particularly in...

Korean last-mile delivery apps’ valuations out of sync with demand surge

South Korea’s leading last-mile delivery startups have put their shares or management rights up for sale, riding on the surging demand for deliv...

Baring PE Asia poised to sell Korean parcel delivery firm for $250 mn

Baring Private Equity Asia is in the final stages of talks with a South Korean private equity firm to sell the country’s No. 4 parcel delivery c...

Mirae Asset leads $23 mn funding for Indian food delivery startup

Mirae Asset Daewoo Co. Ltd. has led a $23 million investment in Indian food delivery platform Swiggy by South Korean companies in their first investme...

Goldman, GIC, Sequoia to exit from Korean food delivery app in $4 bn deal

Goldman Sachs, Singapore’s GIC and Sequoia Capital are among the financial investors set to secure handsome returns from a combined 506 billion ...

CVC set to buy Korean parcel delivery firm for about $300 mn

Baring Private Equity Asia has named CVC Capital Partners as the preferred buyer of South Korea’s No.4 parcel delivery company, which the Carlyle Grou...

Carlyle joins bids for Korea’ No.4 parcel delivery firm – sources

The Carlyle Group has recently embarked on due diligence of South Korea’s Logen Co. Ltd. for a possible acquisition, following another private equity ...

Baring PEA in talks with CVC, Affinity to sell Korean parcel delivery firm

Baring Private Equity Asia (PEA) has resumed the sale process of South Korea’s No. 4 package delivery company, and authorized two private equity firms...

Baring Asia’s Korean parcel delivery firm fails to draw final bidder; UPS walks away

The planned sale of a South Korean parcel delivery firm by Baring Private Equity Asia to a strategic buyer has fallen through, after the last shortlis...

Game maker's holding firms renews bets on pet food market

NXC Corp., the holding company of South Korea's game developer Nexon Co., has acquired an Italian pet food maker for 27.8 billion won ($ ) CerereAgras...