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Competition has been heating up in the food delivery market with Shinhan Bank's new “Ttaenggyeoyo” service rapidly attracting customers and Naver launching a new delivery platform called “N Delivery” in November, according to industry officials, Sunday. One of the country's largest lenders, Shinhan Bank has already registered over 1 million customers for its service in the eight months since its launch in January. The company successfully increased its market share in such a short period of time by giving more benefits to both restaurant owners and customers than other players in the s...
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EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Coupang, Korea's largest e-commerce company, has denied a recent media report that it was looking to sell its food delivery platform amid intensifying competition and market saturation, company officials said Monday. “The ongoing rumor that we are going to sell our business is not true. Also, we cannot comment on any issues related to M&A deals,” a Coupang official said, dismissing the sale of Coupang Eats as a groundless rumor.