YUMMY MONEY: Goldman Sachs is buying a South Korean online food service
HONG KONG: Goldman Sachs Group Inc's private equity arm led a group of investors putting 40bil won (RM121 million) in South Korea's largest online and mobile food ordering service, as more consumers take to ordering meals from their phones.
The investment in Woowa Brothers Corp, which owns the Baedal Minjok service, will help the company expand internationally and develop new technology, Goldman said in a statement. Woowa last month started a joint venture with chat app company Line Corp to launch a food delivery service in Japan.
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