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Games & Commerce

Naver kicks off second-half \'Neopda Sale\' with discounts on about 10 million items

Naver said on Oct. 26 it will run its second-half shopping event, the \'Neopda Sale\', on Naver Plus Store through Nov. 8. About 13,000 stores, up 30 percent from a year earlier, will offer discounts on about 10 million items across categories including digital devices, home appliances, food and fashion. Naver will also run brand relay specials, provide daily coupons and hold a membership day event.

Games & Commerce

Korea platform membership rivalry heats up: Naver points vs Coupang delivery vs Kakao connections

Kakao has launched a 4,900-won monthly integrated membership and started first-come, first-served sign-ups for a small group of users, intensifying paid membership competition among Korean platforms. Naver Plus Membership also charges 4,900 won and has expanded benefits from shopping points to content and delivery. Coupang’s Wow Membership costs 7,890 won and focuses on shipping and food delivery. Kakao is tying KakaoTalk users to shopping, payments, content, finance and insurance services.

Games & Commerce

Kurly posts Q2 operating profit of 27.4 billion won, up 1,991 percent

Kurly posted a second-quarter operating profit of 27.4 billion won, extending its run of quarterly profitability to six quarters. Revenue rose 27 percent from a year earlier to 734.8 billion won. Net profit was 25.4 billion won, marking a second straight profitable quarter. The company cited improved profitability, including growth in commission-based revenue such as seller-delivered products, and higher gross margin.