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South Korea’s leading food delivery app Baedal Minjok, or Baemin, posted a 65 percent growth in operating profit last year, achieving a significant surplus for the second consecutive year. As a result, its German parent company, Delivery Hero, received some 412.7 billion won ($306 billion) in dividends for the first time since acquiring Baemin. Baemin's app operator Woowa Brothers announced Friday that its...

Former presidents of Korea have been taking contrasting approaches to their political appearances, with less than two weeks to go before the April 10 general elections. Former liberal President Moon Jae-in has been active in supporting opposition candidates, while two former conservative presidents - Park Geun-hye and Lee Myung-bak - have remained relatively quiet.

Lee Jae-myung has said and done many shocking things, so nothing is surprising anymore. But the fact that the leader of the main opposition party cares so little about what is happening around the world perturbed many South Koreans this week. During a stump speech in Dangjin, South Chungcheong Province, on March 22, Lee said the Chinese aren’t buying South Korean products because they don’t like Korea. &l...

South Korean e-commerce firm Coupang on Wednesday pledged to invest 3 trillion won ($2.23 billion) over the next three years to expand its signature Rocket Delivery service nationwide by 2027. The company's logistics network is expected to be drastically expanded, with eight new fulfillment centers being built by 2026. The centers also will feature more advanced automation technology to improve operational effic...

Coupang will extend its free, one-day 'rocket' delivery service network throughout almost the entire country by investing more than 3 trillion won ($2.2 billion) to expand its logistics infrastructure by the end of 2026, the country's biggest logistics firm said Wednesday.