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Games & Commerce

GS25 expands 24-hour delivery via Coupang Eats nationwide

GS25 will expand its 24-hour delivery service through Coupang Eats to major regions nationwide. From May 19, the GS Retail-run chain will start 24-hour delivery at about 1,000 outlets outside parts of Seoul and Gyeonggi and some areas of six major cities. GS25 said late-night delivery sales at participating stores rose 42.7 percent in six months, prompting the expansion. Snacks, ice cream and noodles led late-night purchases.

Games & Commerce

Delivery Hero pushes 8 trillion won sale of Woowa Brothers

Germany\'s Delivery Hero has begun a process to sell Woowa Brothers, the operator of South Korean food delivery app Baedal Minjok, industry sources said on Wednesday. Delivery Hero is seeking about 8 trillion won, a level it said equals about 12 times Woowa Brothers\' average operating profit over the past two years. JPMorgan has distributed teaser letters to major domestic and global companies and some private equity funds.

Games & Commerce

Coupang posts operating loss of 354.5 billion won in Q1, first single-digit revenue growth since IPO

Coupang Inc posted an operating loss of 354.5 billion won in the first quarter, swinging into the red as customer compensation tied to a personal data incident and temporary logistics network inefficiency weighed on profitability. Revenue rose 8% to 12.46 trillion won, marking the first single-digit quarterly growth rate since its New York listing. Active customers fell 700,000 from the previous quarter to 23.9 million.