Tag - A group of South Korea’s leading start-ups announced Wednesday that they would join forces to invigorate the online-to-off-line sector

[Start-up Seoul] Start-ups form alliance for joint online-to-off-line services

A group of South Korea’s leading start-ups announced Wednesday that they would join forces to invigorate the online-to-off-line sector, in which many, if not all, are bleeding cash due largely to high marketing costs. Representatives of five start-ups — SOCAR, Yogiyo, Yanolja, Mesh Korea, and Spoqa — said they would form the O2O Alliance, seeking collaboration among the rising firms in the Korean start-up scene. “Many start-ups seek M&A opportunities involving big companies with deep pockets. That could be a good [...]

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