News

Stores

Staff Reporter

, South Korea

Published:

1 year ago

Logo from Kurly.

Market Kurly operator postpones planned IPO

The company plans to push through with public listing ‘at an optimal moment.’

The operator behind South Korean e-grocery platform Market Kurly will postpone the initial public offering (IPO) originally planned for early this year, citing contracting investor confidence caused by harsh market conditions, Yonhap reported.

Kurly Corp said it will resume its planned IPO with the Korea Exchange (KRX) “at an optimal moment when the company can be fully valuated for its worth.”

Kurly received preliminary approval for its public listing in August last year.

The company originally sought to complete its public listing in the second half of 2022, but the review process had been delayed amid worries over its "unstable" ownership structure in which its founder has a small stake, along with continuing losses from its business.

Follow the link for more news on

South Korea Retail

Also Read

MINISO enhances employee welfare and environmental initiatives in 2023

South Korea’s Paris Baguette opens first Philippine store

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Alternative payments dominate Hong Kong's e-commerce in 2023 

Over 85% of consumers in Hong Kong shopped online in the past six months.

16 hours ago

DFI Retail reports 19% reduction in greenhouse gas emissions

It aims to halve its emissions by 2030 and achieve net-zero emissions by 2050

20 hours ago

MINISO enhances employee welfare and environmental initiatives in 2023

Women hold 61.8% of senior management positions in China.

Stores

20 hours ago

Here are key consumer trends influencing pet care sales in 2024

Consumers are now adopting innovative strategies to manage budgets amid rising inflation costs.

1 day ago

Exclusives

Brand-building for Unilever International goes beyond consumer care

The brand’s innovative practices benefit both consumers and workers.

Stores

Rise of minimarts compels large-format stores to rethink growth strategy

Their focus should shift towards customer density instead of store scale.

Stores

Alfamart’s rapid expansion never overtakes quality service

With 19,087 across Indonesia and 1,680 more in the Philippines, the minimarket operator marks 25 years as a top choice for shopping.

AEON Mall Indonesia lords over the shopping experience in suburban areas

The fifth AEON mall opening in Deltamas City in March 2024 will be the largest in Southeast Asia.

Event News

EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

Co-Written / Partner

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.

Key figures at Seamless Asia fan e-commerce excitement over AI

Co-Written / Partner RSM's David Eu offers insights on e-commerce, technology, and collaborative innovation driving retail transformation

Co-Written / Partner Euromonitor’s Hiromi Yamaguchi: Loyalty programmes, digital integration vital amidst evolving consumer expectations

Co-Written / Partner EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.