Delivery Hero is buying South Korea's top food delivery service for $4B

www.reuters.com

The deal to buy Woowa Brothers will also see Delivery Hero re-enter Southeast Asia. Woowa operates in Vietnam and there are plans to open a joint venture in Singapore. It's notable to add here that Uber Eats recently exited South Korea such was the gap between it and top players Baedal Minjok from Woowa and Delivery Hero’s Yogiyo. SoftBank-backed Coupang is another competition though it focuses on e-commerce.

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