Groupon Launches in South Korea

Daily Deal Pioneer Expands Global Network in Eastern Asia

CHICAGO--(BUSINESS WIRE)--Groupon (http://www.groupon.com) announces the launch of Groupon Korea (http://www.groupon.kr.) Beginning March 14, 2011, the site will offer unbeatable deals on the best to eat, do, see and buy to consumers in Seoul, Gyeonggi Province, Busan and Daegu, with 11 cities to be served by the end of April.

“The collective buying space in Korea is exploding”

“The collective buying space in Korea is exploding,” said Rob Solomon, president and chief operating officer of Groupon. “There is a huge opportunity for Groupon Korea to emerge as a leader, leveraging the best practices we’ve pioneered around the world to bring a higher quality of local daily deals and better consumer and merchant experiences.”

Since its launch in November 2008, Groupon has led a worldwide movement in e-commerce, using the principles of collective buying to bring millions of dollars in new revenue to local businesses while saving more than $2 billion for subscribers.

The launch of Groupon Korea builds on Groupon’s already robust Asian presence, currently serving nine countries including Japan, Hong Kong and India and China in coming months. Groupon Korea joins Groupon’s global network, serving 60 million subscribers in 45 countries. Groupon employs more than 4,000 people worldwide.

About Groupon

Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in more than 500 markets around the world. Groupon uses collective buying power to offer unbeatable prices and provide a win-win for businesses and consumers, delivering more than 900 daily deals globally. For more information, visit http://www.groupon.com.