Oasis Market "April Online Sales Surpass 10 Billion Won"

Special Exhibition Held... 10,000 Won Discount & 5% Point Accumulation

[Asia Economy Reporter Cha Min-young] Oasis, a subsidiary of GeoSoft, operating Oasis Market, has surpassed 10 billion KRW in monthly online sales.

Oasis Market announced on the 13th that its sales in April reached 10.8 billion KRW based on the online segment. This also means that online sales have surpassed offline sales for the first time.

This is due to the continued performance of existing small and medium-sized offline stores alongside increased demand for the online dawn delivery service. Efforts to minimize costs such as marketing also contributed.

To celebrate surpassing 10 billion KRW in monthly online sales, Oasis Market will hold a special event for 20 days until the 31st. Both new members who join through friend referrals and existing members who recommend new members will receive a 10,000 KRW coupon. Additionally, all purchasing customers will earn 5% of their payment amount as points.

Meanwhile, on the 29th of last month, Oasis Market attracted its first investment of 12.6 billion KRW by issuing convertible bonds (CB) with a guaranteed maturity yield of 4%. The fund organizer is Korea Investment Partners.

Choi Woo-sik, CEO of Oasis, stated, "With this first investment, we plan to increase logistics utilization and handle more than 30,000 orders daily at the Seongnam No.1 Logistics Center in Gyeonggi-do by the end of the year," adding, "In the future, rather than focusing on marketing, we will do our best to provide eco-friendly and organic products at reasonable prices."