SEOUL -- Yogiyo, the number-three company in South Korea's fiercely competitive food delivery market, on Wednesday announced plans to offer voluntary retirement to employees for the first time, a sign that it is losing ground to the industry's dominant players, local media reported.
Companies
South Korea delivery company Yogiyo to offer buyouts, media say
Competition in sector has grown in recent months as top players cut prices
Food delivery service Yogiyo operates in South Korea's fiercely competitive market. © Yonhap/EPA/Jiji
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