delivery service
Scope
Date
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Future mobility
Kakao forays into pet taxi service; buys Pet Me Up
South Korea-based Kakao Mobility Corp., a subsidiary of mobile giant Kakao Corp., has acquired the country's leading pet taxi service, Pet Me Up, in...
Mar 09, 2021 (Gmt+09:00)
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Wealth donations
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...
Feb 18, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Two thirds of Koreans use OTT services; YouTube favored
Two out of every three Koreans used over-the-top (OTT) media last year, with YouTube the favored platform from which to watch videos and other strea...
Feb 02, 2021 (Gmt+09:00)
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Leadership & Management
Serial entrepreneur builds gateway for cloud services
“You see all of these buildings? All of the companies in these buildings will become our clients."These were the words of Lee Han-joo, chief e...
Jan 27, 2021 (Gmt+09:00)
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Batteries
SK Innovation buys 13% stake in China’s EV battery-swap station operator
SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...
Jan 21, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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...
Jan 18, 2021 (Gmt+09:00)
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Future mobility
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 ...
Jan 07, 2021 (Gmt+09:00)
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Korean food
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...
Dec 30, 2020 (Gmt+09:00)
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Mergers & Acquisitions
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...
Dec 28, 2020 (Gmt+09:00)
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Future mobility
Autonomous driving startup 42dot plans Level 4 self-driving in Seoul
42dot, a South Korea-based autonomous driving startup, plans to launch a Level 4 self-driving service in some areas of Seoul next year.The company s...
Dec 21, 2020 (Gmt+09:00)
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Airlines
Hahn & Co finances $700 mn Korean Air deal with about $400 mn debt
Hahn & Co., a South Korean private equity firm, has completed the payment for the 790 billion won ($722 million) purchase of Korean Air Lines' i...
Dec 17, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor JV to launch robotaxi services in US by 2023
Hyundai Motor Group's autonomous driving joint venture Motional and US-based ride-hailing company Lyft have joined forces to offer robotaxi servic...
Dec 17, 2020 (Gmt+09:00)
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Mergers & Acquisitions
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...
Nov 16, 2020 (Gmt+09:00)
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IPOs
BTS may be allowed to delay military service to age 30
South Korea is likely to allow the seven members of boy band BTS to postpone their mandatory national military service by two years until the age of 3...
Oct 13, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Foreign cloud service providers led by Amazon, MS play big in Korea
Global cloud service providers such as Amazon Web Services (AWS) are taking a greater share of South Korea’s serverless computing market, where ...
Sep 25, 2020 (Gmt+09:00)
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Korean startups
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...
Sep 10, 2020 (Gmt+09:00)
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Bond issue
Hyundai Card issues green bonds worth $379 mn to finance eco-friendly services
Hyundai Card Co. has issued green bonds worth 450 billion won ($379 million) to fund its green car financing services, the credit card company said on...
Sep 10, 2020 (Gmt+09:00)
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Airlines
Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal
Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flig...
Aug 19, 2020 (Gmt+09:00)
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IPOs
[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix
Watcha, a Korean streaming platform, is gearing up to tap into Japan and Southeast Asian markets following the completion of Series D funding worth 19...
Jul 23, 2020 (Gmt+09:00)
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Private equity
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...
Jun 29, 2020 (Gmt+09:00)
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Alternative investment
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...
Apr 08, 2020 (Gmt+09:00)
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Startup
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 ...
Dec 14, 2019 (Gmt+09:00)
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Korean startups
App Doctor offers on-demand, hourly app service
For start-ups, applications are often a nuisance. Not only is it tough to develop one, but it's also a hassle to maintain and fix any issues. You're l...
Nov 29, 2019 (Gmt+09:00)
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Korean military fund invests in UK motorway service chain
The Military Mutual Aid Association (MMAA) has invested 40 billion won ($34 million) to buy a minority stake in Welcome Break, the UK’s second biggest...
Jun 12, 2019 (Gmt+09:00)
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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...
Sep 13, 2016 (Gmt+09:00)
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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 ...
Aug 24, 2016 (Gmt+09:00)
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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...
Jul 25, 2016 (Gmt+09:00)
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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...
Jun 28, 2016 (Gmt+09:00)