Start-ups, which Korea hoped would show the way to a prosperous future, are in a slump. Direct investments by venture capital firms and so-called angel investors are down, and so are IPOs.
Kurly, operator of the online grocery shopping and delivery service Market Kurly, denied rumors on Friday that the company would postpone its IPO.
The Agricultural Goods Fund of Funds has invested in a wide range of food tech companies in Korea over the past 12 years, bringing together private and public money to promote promising businesses.
Kurly started selling its Korean food products on RedMart, Singapore’s largest e-commerce marketplace, the retailer said Thursday.
Retailers in Korea are introducing various sleep aids as the country becomes one of the most sleep-deprived in the world.
Many people are now enjoying outdoor activities after the outdoor mask mandates were lifted in April. As the number of campers surges, the camping gear market is growing fast. Sales of camping equipment rose by 43 percent on year in April ...
Market Kurly, the online grocery delivery service founded by Sophie Kim, is expanding into career building services for women. HeyJoyce, which has 25,000 members, was founded in 2018 and creates content for women wanting to develop their careers.
Kurly raised 250 billion won ($210 million) in a pre-IPO placement from a Hong Kong-based private equity firm ahead of domestic listing scheduled for next year.
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.