Barogo Signs Merger Agreement with The One International, Operator of 'Dilber'

Maintaining Independent Management System While Actively Sharing Technology Expertise

[Asia Economy Reporter Kim Cheol-hyun] Barogo (CEO Lee Taekwon) announced on the 1st that it has signed a comprehensive stock exchange agreement targeting 100% of the shares of The One International.

According to this agreement, Barogo will proceed with the merger process with The One International and plans to complete it within the first half of this year. Even after the merger, the brands and platforms will operate independently. Both companies have agreed to actively share their know-how and development capabilities.

Barogo focused on the user convenience and growth potential of 'Dilber,' operated by The One International. Dilber allows users to use the platform regardless of their mobile phone model. It also optimized route and dispatch recommendation systems to enhance work efficiency.

In December of last year, Dilber recorded approximately 3 million delivery orders, with annual delivery orders increasing by about 40% compared to the previous year. Currently, Dilber has contracts with over 200 hubs (local delivery agencies) nationwide and provides the program to about 24,000 riders.

A Barogo official emphasized, "Once the merger process with The One International is completed, we will be able to maximize not only the integration of delivery infrastructure but also platform service satisfaction," adding, "We will reorganize the last-mile market based on platform competitiveness."