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South Korean e-commerce platform Coupang launched a same-day Rocket Fresh service on April 29. The service will allow customers who order fresh food items before 10 a.m. to receive them by 6 p.m. The Rocket Fresh service has been operating its dawn overnight deliveries since October 2018. Coupa...
Healingpaper Co., the operator of cosmetic surgery review platform GangnamUnni, raised 18.5 billion won ($15 million) in its series B funding round, the company said April 28. In the latest round of fundraising, led by Legend Capital, KB Investment and Hana Ventures signed on as new investors, joi...
E-commerce expands Many observers are worried about Coupang’s continued loss-making performance, but the e-commerce unicorn -- backed by SoftBank’s Vision Fund -- has narrowed its operating loss to 720 billion won ($582.9 million) in 2019, with revenue of 7.2 trillion won, jumping 64 percent on-...
If the impact of COVID-19 continues, four out of every 10 startups might fold up in the coming three months without remedial measures, a survey on tech startups showed April 22. According to US-based research firm Startup Genome’s survey on the pandemic’s impact on startups, a majority of them...
South Korea‘s crowdfunding platform Wadiz said on April 22 it has launched an offline space to help fund-raising efforts by showcasing their products to visitors and funders. Located in eastern Seoul, Gonggan Wadiz features a display room for “makers,” or those with an ongoing fundraising pro...
Asia’s first mobile video festival “Korea Mobile Fest (KMF)” that was kicked off today will attract and award creative short films, organizers said Tuesday. KFM, jointly run by startup accelerator D.Camp, media company Herald Corp. and data tech firm Aroundus, is a contest platform open to all,...
At the beginning of the COVID-19 epidemic in Korea when people suddenly had to embrace remote working and social distancing, they turned to well-known tools provided by international tech companies, such as Google’s Hangouts and Microsoft’s Skype. The biggest beneficiary of the increased demand w...
Kurly, operator of grocery delivery platform Market Kurly, said Friday that its revenue soared but losses mounted last year. The South Korean startup best known for its dawn delivery logged 328.9 billion won ($267 million) in revenue in 2019, jumping 173 percent from the previous year. Its operati...
Restaurants available on delivery app Baedal Minjok will have a broader access to loans from a commercial bank, if they show proof that they were winning more online food delivery orders. This will be part of commitments in a memorandum of understanding by Korea‘s mobile food delivery unicorn Wo...
South Korea’s Tmon announced on April 2 that it posted its first monthly operating profit in 10 years, and plans to get listed next year. The firm recorded 160 million won ($130,000) operating profit last month, becoming the first local e-commerce platform operator to be in the black. The impr...
SendBird, a leading startup in chat and messaging application programming interface service for mobile and web applications, said April 1 it has acquired enterprise video conferencing platform Roundee.io. The San-Mateo-based company said it will use Roundee.io’s core technology and key engineerin...
Woowa Brothers, operator of the country’s leading food delivery app Baedal Minjok, said on March 30 it will file police complaints against businesses that posted fake food reviews on its app, after being paid. According to the company, the firms received about 5,000 won ($4) to 10,000 won for po...
Baemin Order, an ordering and payment service for restaurants, accumulated over 2 million orders in five months since its launch in November, its operator Baedal Minjok said Friday. Baemin Order, which can be accessed through the Baedal Minjok delivery app, is a service in which users can order a...
SendBird , a leader in chat and messaging application programming interface service for mobile and web applications, announced March 26 that it had added real-time voice and video interaction capabilities to its in-app chat experience. The company said it hopes to improve the user experience for...
In January, Airbnb superhost Diana Jeong quit her job as she was expecting a baby this spring. What she did not expect was a pandemic that would upend her plan to become a full-time Airbnb host. The former college lecturer made that decision because she found great satisfaction in providing hospit...
Korea Eximbank extends $120m to Cambodia for road development
Daewoo E&C chairman meets Cambodian PM
CJ Olive Young's Q1 sales jump on strong overseas trade
Seoul sees further jump in cost of dining out
Metanation, Memetoon partner up for webtoon, short-form services
Woori partners with India’s Tata Motors in auto finance push