Brandy Secures 20 Billion Won Investment from Naver

[Asia Economy Reporter Buaeri] Commerce platform company Brandi announced on the 4th that it has secured an additional investment of 20 billion KRW from Naver.

Brandi plans to start sales in Japan within the year in collaboration with Naver. With this investment, Brandi aims to accelerate its global market expansion by enabling Dongdaemun wholesale and retail merchants to enter the Japanese market within the year. Brandi will expand its Dongdaemun fulfillment center to 4,000 pyeong within the year and establish new global logistics hubs.

This investment follows Naver's sole investment of 10 billion KRW and the strategic partnership between the two companies in May. Naver's total investment amount is 30 billion KRW. Brandi's cumulative investment raised amounts to 75 billion KRW.