‘Kim Bongjin Magic’ once again … ‘Elegant DH Asia’ speed

Delivery Heroes (DH), who have to sell ‘Yogiyo’, are already heading towards Asia.

Although the ‘DH + Yogiyo’ dream has been shattered by FTC braking, it is expected to accelerate the ‘Elegant DH Asia’ that has been kept in mind from the start.

Under the M&A plan presented by Delivery Hero, the elegant brothers and DH will establish a joint venture, Wha DH Asia, in Singapore with a 50-50 stake. He plans to oversee local subsidiaries in Asia, including Korea, Vietnam and Japan, and food pandas in 12 DH regions.

Jacob Angele, the current CEO of Food Panda Asia, and Se-yoon Oh, the current CFO and CSO of Elegant Brothers, have been selected as co-presenters for the joint venture.

Wah DH Asia plans to provide services such as food delivery, shared kitchen, and express trade in 11 Asian countries.

“We will be able to expand and strengthen our presence in Asia,” said DH CEO Niklas Östberg.

President Kim Bong-jin also said, “The partnership with DH will promote the entire delivery ecosystem and innovate the delivery industry in Asia.” “I will do it.”

In the industry, President Kim, who created the ‘Bae Min Shinhwa’, is expected to achieve the ‘magic of delivery app’ once again across Asia.

Meanwhile, final written approval of the M&A between DH and the elegant brothers is expected to close in the first quarter of next year.

▲ ⓒ Delivery Hero