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.
Market Kurly, which hopes to go public this year, lost money for another year.
A 28-year-old office worker has stopped using Coupang and Market Kurly since the struggles of delivery workers starting being exposed.
Homeplus hopes to generate 2.4 trillion won ($2.14 billion) in annual revenue from online sales in three years, the company said on Thursday, and remain profitable doing so.