Amazon Prime Day 2026 Sales Top $26.4 Billion as Shoppers Chase Discounts Amid Inflation 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow 
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Johns Hopkins University Lays Off 110 Employees as Federal Research Funding Declines 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Food delivery companies in South Korea are currently experiencing a slowdown in their business as more and more people are preferring to visit restaurants instead of ordering online and having the food delivered to their homes.
Moreover, the COVID-19-related lockdowns have ended thus, people have started to go out and dine in their favorite eating places once again. With this, the number of delivery orders has significantly gone down.
Another reason for the drop in food delivery requests is the higher delivery fees coupled with the soaring prices of food in the country. These things have further reduced the demand for food delivery, which is affecting delivery companies these days.
The Korea Times reported that to encourage people to use delivery platforms again, the companies are offering huge discounts for online orders. One of the leading firms, Coupang Eats, takes the lead and started offering a five to 10% discount for orders placed by Coupang Wow Members.
The discount offer is still said to be on a trial run and only available for members in 18 districts of Seoul for now. Coupang Eats launched this discount promotional event last month in Songpa and Gwanak districts. It was introduced for the company to cope with the difficulties it is currently facing in the food delivery business.
The company recently expanded the reach of service with special discounts to 16 more districts to attract more customers. Baedal Minjok, which is also known as Baemin, is also offering discounts by officially reducing its delivery fees for bundle delivery orders in Gwanak District.
Earlier this month, Baemin expanded this offer to some places in Incheon, such as Gunpo in Gyeonggi Province and Yeonsu. This is also available now in five districts in Daegu City.
As for Yogiyo, it has lowered its delivery fees by 12% in Seoul, but this will only be in effect throughout May.
"You know all the food delivery firms are going through hardships now and we decided to give 2 percent more discounts than the other two rival firms,” an official at Yogiyo said. “Considering that our margin is 12.5%, we barely make any profit from this."
Photo by: Lawrence Lim/Unsplash
