Social Icons

Wednesday, September 2, 2015

Amazon in Korea?

 A few South Korean readers wanted to know if they could purchase my books via Amazon. Perhaps one day they'll be able to, but as of now Amazon hasn’t tapped into the Korean market.

"Coupang, South Korea’s largest online retailer, has raised $300 million in private equity to fend off Amazon’s entrance into the market, which is expected this year.
To date, the company, which was founded by Harvard Business School dropout Bom Kim four years ago, has raised $480 million, valuing the company close to $2 billion, according to Bloomberg, which quoted people familiar with the deal.
BlackRock Private Equity Partners led the round and Wellington Management Company, Greenoaks Capital Management and Rose Park Advisors also participated. The round will give the company a sizable war chest — around $500 million in cash, to be precise — to prepare for Amazon’s arrival in the country, which is expected this year, according to a report by a Korean newspaper "

Read more