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This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.
KREAM, a Naver affiliate, announced on the 14th that it has attracted 100 billion won (series B) investment from global venture capital (VC) Altos Ventures, Softbank Ventures, and Mirae Asset Capital.
Previously, KREAM attracted an investment of 20 billion won in March and succeeded in attracting additional investment from existing investors in six months. The accumulated investment amount is 140 billion won, the largest in the industry.
KREAM, which was spun off from Naver's subsidiary Snow, was established as a corporation in March last year. Within a year and a half since the service started, it has established itself as the No. 1 platform in the sneaker resell market, and its monthly transaction amount has grown more than five times compared to the same period last year.
Recently, it is expanding new categories such as streetwear and luxury goods beyond sneakers. The number of cream service subscribers has exceeded 1.6 million, and members in their 20s and 30s account for 80% of the total users.
In addition, it is exerting its influence as a new fashion e-commerce platform by establishing a strong community for the exchange of fashion information for Generation MZ (generally millennials and Generation Z).
Reporter Lee Ji-sun email@example.com