Han's offline "GS Retail" plans to invest $55 million to expand its online market


Author:Liu Mengyuan
Source: ennews

according toAccording to information publicly disclosed by Kakao on Wednesday, the operator of South Korea's leading convenience store chain GS25 is acquiring 3.3 million ordinary shares (19480 won per share) to be issued by Kakao Mobility, or its 1.3% stake in mobile application apps.


GS Group, with a focus on retail, has been investing heavily in the logistics sector this year, with a total amount of 417.8 billion Korean won. It acquired shares in Mesh Korea Co., which operates fast delivery service provider Vroong, as well as shares in Yogiyo, South Korea's largest food distribution company.


This series of investments is part of the retailer's efforts to strengthen its last mile delivery service. It is reported that the company plans toUtilize its nationwideThe total number of 16000 convenience stores and supermarkets,To increase its domestic online business in Korea.


GS Retail announced plans to invest 1 trillion Korean won by 2025 to integrate its online and offline businesses. Last July, it merged with GS Home Shopping Co. to compete not only with traditional offline retailers, but also with e-commerce giants such as Naver Corp. and Coupang Corp.


By investing,GS Retail Company plans to utilize Kakao Mobility's accumulated data and vehicles (including electric scooters) to improve its delivery service infrastructure for home delivery, including walking delivery.


"We obtained a distribution platform through the acquisition of Yogiyo, which has a high brand awareness, and strengthened our distribution capabilities through Vroong and Team Fresh, "said a person from GS Retail" We will now collaborate with Kakao Mobility, the largest mobile platform,Improve our logistics efficiency.


last yearIn August, GS Retail acquired a 30% stake in Yogiyo, the second largest food distribution platform in South Korea, from Delivery Hero SE in Germany. It also acquired Affinity Equity Partners and British investment company Permira for a price of 800 billion won.


GS Retail2021Investment in the field of logistics

E-commerce platform Han offline "GS Retail" plans to invest $55 million to expand its online market

Meanwhile,Kakao Mobility is preparing to go public on the Korean stock market next year, paving the way for its pre IPO shareholders, including Google, Carlyle Group, and TPG Capital.

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