Naver, Kurly tie up to counter e-commerce giant Coupang

Quick Summary:

South Korea’s online giant Naver Corp.and dawn grocery platform service provider Kurly Inc.have joined forces for a potential stake acquisition to take on e-commerce behemoth Coupang Inc.

Naver is considering taking over a stake in Kurly to beat the New York Stock Exchange-listed Coupang, investment banking industry sources said earlier this month.“Naver has been expanding its war front against Coupang by exchanging stakes with Shinsegae and CJ,” said an industry source.

The company launched the Naver Plus Store last month to accelerate its e-commerce business and reduce its dependence on the slowing search and advertising business.

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Article Details

Category: Economy

Markets: South Korea

Topics: Store Business E-commerce Platform Sources Shopping Industry Kurly Trillion Coupang Naver

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-20 @ 13:50:13 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 28189405

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