Oasis Market, the only profitable e-commerce company in South Korea, accelerates its IPO

Oasis Market , which distributes fresh produce through online and offline channels , announced on June 2 that it has selected Korea Investment Securities as one of the representative organizers of its IPO , according to the Korea Electronics Daily .

It is reported that Oasis Market selected NH Investment & Securities as its representative manager in August last year . The addition of Korea Investment & Securities also means that the two companies ranked first and second in the Korean IPO market will work together to achieve the successful listing of Oasis Market .

Oasis Market was founded in 2011, and Ziruan holds approximately 80% of its shares . Since its establishment, it has been focusing on offline store business to carry out distribution and logistics business, and in 2018, it entered the online early morning delivery service, ranking third in the industry.

Oasis' sales have been increasing rapidly every year , reaching 111.1 billion won in 2018, 142.4 billion won in 2019, and 238.6 billion won in 2020. Operating profit also reached 300 million won in 2018, 1 billion won in 2019, and 9.7 billion won in 2020. It is the only e-commerce company to achieve single -platform profitability .

Oasis Market is composed of management members from the Korea Consumer Life Cooperation Association. Through long-term experience in the distribution field, it has established a direct trading system with producers and launched green organic food at very reasonable prices, which has attracted great attention not only from consumers but also from the market.

Especially after entering the online delivery service business at midnight, Oasis Market has adapted to the needs of the current era of " online consumption" and has become a dark horse in Korea's midnight delivery industry.

Oasis Market has been actively expanding its business scope. It has recently completed the construction of logistics systems in Seongnam, Uiwang , and Eonyang-eup , and plans to expand to Gyeongsang Province in the first half of next year. If this becomes a reality, it will become a national delivery company one step ahead of Market Kurly .

Oasis Market CEO (CFO) An Junheng emphasized : " As the only profitable e-commerce company , Oasis Market will continue to maintain excellent management and is ready to achieve the leap to become a top e-commerce company in Korea . If this IPO is successful , Oasis Market will consolidate and strengthen its position in the Korean e-commerce industry . "

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