Kurly, operator of e-commerce platform Market Kurly, acquired online payments service provider Paybot, with plans to develop its own online payment system and become a so-called "open market" platform.
TMON is postponing indefinitely its plan to go public.
According to the Ministry of SMEs and Startups on Thursday, three start-ups came into the unicorn category as of July 19 and one dropped out. Unicorns are startups that have such promise that they are valued at $1 billion or more.
Kurly—overnight delivery pioneer and operator of what it claims to be the No. 1 grocery shopping app in Korea—won’t be ringing the bell in New York.
Retailers are responding in their own ways to Level 4 social distancing rules, the highest on the four-level scale.
Kurly, operator of e-commerce platform Market Kurly, announced it will go public on a domestic exchange, scrapping a previous plan to be listed in the United States.
The at-home shopping delivery boom is bad for the environment and could be a problem for Korea as it seeks to meet its carbon goals.
Market Kurly is expanding next morning delivery to areas outside of greater Seoul next month as e-commerce operators in Korea battle intensely on speed and price for market share.
Market Kurly is holding a sale as its competitors engage in what appears to be a full-scale price war.
Market Kurly is expanding dawn delivery ahead of a planned initial public offering this year.