Convenience stores are rapidly expanding deliveries to better compete with online shopping. That's part of a greater emphasis on "quick commerce," or retail that promises to deliver products within an hour.
Convenience stores are rapidly expanding deliveries to better compete with online shopping.
A consortium led by GS Retail will acquire a 100 percent stake in Delivery Hero Korea, operator of Korea’s second largest food delivery platform Yogiyo.
Retail competition is now so fierce in Korea that overnight delivery is no longer enough. Quick commerce is fast becoming the standard, with goods arriving within an hour of ordering.
Coupang Eats, a food delivery service provider, started a quick commerce service that aims to deliver products within 15 minutes of the order being made.