SK Networks invests 10 billion KRW in Bucketplace, operator of 'Ohouse'

[Asia Economy Reporter Hyunseok Yoo] SK Networks announced on the 9th that it has invested 10 billion KRW in Bucketplace, the operator of ‘Ohouse,’ a leading company in the domestic home furnishing market, through SoftBank Ventures.

Ohouse has secured new investments totaling 230 billion KRW. This round of investment was led by the Korea Development Bank, which invested 100 billion KRW. Domestic investors such as IMM Investment, Mirae Asset Capital, KB Digital Platform Fund, Smilegate Investment, as well as global investors including SoftBank Ventures, BRV Capital Management, Temasek’s venture investment subsidiary from Singapore’s sovereign wealth fund, and Silicon Valley investment firm BOND participated.

‘Ohouse’ is a representative brand in the domestic home interior platform market. It has established a unique position by offering various services in lifestyle areas related to housing, including content and commerce, construction brokerage, direct delivery, and home services (repair and installation, moving). Additionally, it is pursuing overseas expansion in markets such as the United States and Singapore.

SK Networks expects continuous growth as the home furnishing market, including home interior and accessories, steadily expands. Ohouse is the industry’s number one brand and possesses outstanding competitiveness, especially as an online platform.

This content was produced with the assistance of AI translation services.