ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
DoorDash, an American food delivery service company, has been tapped to take over Yogiyo. The company is one of the candidates that are favorably seen as eligible to acquire the South Korean food delivery business.
As per the Korea Times, Yogiyo has an estimated value of more or less KRW2 trillion. It was reported that this number is quite high for either small or medium-sized private equity securities, so it is looking for a bigger company that can handle the business.
Possible entrance to the Korean market
DoorDash has been operating since 2012, and with its background and capabilities, it is being considered as a company that can acquire Yogiyo. In case the American company obtains Yogiyo, it will eventually enter the Korean market where food delivery has become a way of life.
"DoorDash and several other strategic investors such as Just Eat, Takeaway.com, and Meituan, will have a chance to enter the Korean market with the cash and investments generated from other parts of the world they're operating in," an insider stated. "American firms especially have enough money to do so."
Based on the opinions, DoorDash finds the Korean market to be very attractive as it offers unlimited opportunities. This is because South Korea is the seventh-largest single market among the member countries of the Organisation for Economic Cooperation and Development or OECD. The main reason for the high ranking is the country’s excellent buying power and IT
base.
"Considering the symbolic characteristics and size of the Korean market, Yogiyo is definitely an attractive player for international investors," the insider added.
Other candidates that may take over Yogiyo
Yogiyo provides fast and hassle-free food delivery service to its customers in South Korea. Consumers place order requests through its app that once awarded as Google Play’s Best App in 2013. Now another company is expected to take over and operate the business.
With that said, joining DoorDash, Just Eat, Takeaway.com, and Meituan as candidates to be its investor is another South Korean company Coupang. It was said that if Coupang acquires Yogiyo, it will surely rise up and become the country’s second-best in the domestic food delivery service market. Meanwhile, major shareholders of Yogiyo are expected to convene to decide which company is best to be Yogiyo’s main investor.
