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.
eBay Korea is in play, and its sale could shake up the already cutthroat e-commerce market.
eBay may be selling its Korean unit, which operates Gmarket and Auction.
Film distributors Next Entertainment World (NEW) and Showbox formed a partnership with e-commerce company Coupang’s new streaming service Coupang Play on Thursday. NEW will be releasing 25 of its most popular films through the platform...
Transactions made on e-commerce website Coupang last year reached an estimated 21.75 trillion won ($19.8 billion), up 41 percent from an estimated 15.41 trillion won the previous year
It was a long road for Delivery Hero in its acquisition of Woowa Brothers, which runs Korea's most popular food delivery app.
Kim Bom, the founder of Coupang, has resigned as the chief executive officer of the company and has been named chairman. He has also lost the title of representative director.
E-commerce company Coupang launched a video streaming app on Thursday, jumping into an increasingly competitive market led by Netflix.
Amid soaring coronavirus case numbers in Korea, consumers have been on edge due to the possibility that the social distancing level could be raised, and they would not have access to local major markets and department stores.
This year, various disinfection items and health supplements are offered by retailers to help students stay safe and strong during the pandemic. As usual, sweets and items for keeping warm are also dominating the market shelves.