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Games & Commerce

Kurly to raise 33 billion won in share sale to Naver, valued at 2.8 trillion won

Kurly will issue 33 billion won of new shares to Naver to secure mid- to long-term growth drivers and strengthen their partnership. Kurly disclosed it decided on a rights offering of 498,882 common shares priced at 66,148 won each, all to be subscribed by Naver. The price was set by mutual agreement based on Kurly\'s latest investment round, valuing the company at about 2.8 trillion won and raising Naver\'s stake to 6.2 percent.

Games & Commerce

Cafe24 daily shipping fills weekend delivery gap that makes shoppers hesitate

Delivery speed is increasingly shaping online shopping decisions, with slow shipping a key reason shoppers abandon carts. Cafe24 runs its Daily Shipping fulfilment service, letting merchants pre-stock goods at partner logistics firms so orders ship from warehouses every day of the year. Cafe24 said early-stage brands saw conversion rates rise from 1.48 percent to 2.99 percent after adoption, while order volumes increased over time and Friday orders climbed as weekend shipping began.

Games & Commerce

Quick commerce battle expands from delivery apps to hypermarkets and SSM

Competition in South Korea\'s quick commerce market is widening beyond delivery apps as e-commerce companies and corporate supermarkets (SSM) join the fray, industry sources said. With delivery times shrinking to around an hour, firms with dense urban store networks are gaining an advantage by using existing outlets as logistics hubs. The market is projected to grow from about 1.2 trillion won last year to about 5.9 trillion won by 2030, the report said.