Naver mulls acquiring about a 10% stake in Kurly

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The story "Naver mulls acquiring about a 10% stake in Kurly" was covered 1 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

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Naver mulls acquiring about a 10% stake in Kurly - Korea Economic Daily

Quick Summary:

Naver Corp.is considering taking over a stake in Kurly Inc.to become the largest shareholder in the South Korean dawn delivery service market pioneer, a move expected to boost the information technology giant’s position in the fresh food shopping sector.

The platform, now called Kurly, is considered the trailblazer in Korea’s dawn delivery service market, which has enabled consumers to receive fresh food, eggs and dairy products a few hours before breakfast without having to visit brick-and-mortar grocery stores.

Founded in 2014, Kurly garnered market attention with its early-morning delivery service under the Market Kurly brand, which delivers fresh food to customers’ doors by 7 a.m.if customers order before 11 p.m.the previous day.