Wooltari USA acquires Korean start-up KPOP Foods

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Retail and online grocer of premium Korean food products, Wooltari USA, has acquired Korean start-up KPOP Foods, for an undisclosed sum. KPOP Foods offers Korean food products and collaborates with key distributors to bring its sauces and seaweed snacks to 3,000 retailers nationwide. Wooltari USA has partnerships with Korean food manufacturers, an operations hub fulfilling thousands of orders per day and a logistics network offering one-day delivery in major cities with one-to-three-day shipping nationwide. The company's aim is to make high-quality Korean food accessible to everyone. Theo Lee, co-founder and CEO of KPOP Foods, said: "We share a common vision and our teams possess expertise and knowledge in complementary areas. Together, we're excited to influence the future of Korean food in the US." The acquisition will enhance KPOP Foods' capabilities in product development, sourcing and operations to expand its distribution and services.