Delivery Hero is shutting Baedaltong, a food delivery service, next month.
Woowa Brothers, which operates the Baedal Minjok delivery app, says its customers are becoming more environmentally conscious.
Koreans spent at least 12.2 trillion won ($11 billion) ordering food via delivery apps last year, according to estimates by WiseApp and Wise Retail.
It was a long road for Delivery Hero in its acquisition of Woowa Brothers, which runs Korea's most popular food delivery app.
Delivery Hero will have to divest itself of Yogiyo, the Fair Trade Commission (FTC) ruled in approving the German company’s acquisition of Baedal Minjok, ending the possibility that a monopoly will exist in the food delivery business
The Fair Trade Commission (FTC) Monday issued conditional approval for the acquisition of Baedal Minjok by Berlin’s Delivery Hero, but only if it sells off Yogiyo first.
When did food delivery first become an option?
Unions representing delivery drivers and some of the top companies that employ them on Tuesday inked an agreement to provide labor protections to those workers — a first for Korea's gig economy.
BGF Retail’s CU convenience store franchise on Monday rolled out an on-foot delivery service in partnership with MG Playing.
A delivery worker labor union on Thursday denied recent reports that some drivers receive 100 million won ($84,000) in annual pay.