E Commerce Archives | Page 12 of 40 | Be Korea-savvy

Archive by category E Commerce

E-commerce Giant Coupang Reports Larger Losses in Q3 Despite Record Sales

E-commerce Giant Coupang Reports Larger Losses in Q3 Despite Record Sales

SEOUL, Nov. 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. on Friday reported a sharp increase in net losses for the third quarter despite record-high sales revenue, due largely to operational costs and investment. Net losses over the July-September period came to US$323.97 million, up 87 percent from US$173 million a year before, [...]

Regulator Launches Investigation into Coupang’s Alleged Unfair Practices

Regulator Launches Investigation into Coupang’s Alleged Unfair Practices

SEOUL, July 6 (Korea Bizwire) — After stoking a series of controversies, including a fire at a logistics center and a poor working conditions, e-commerce giant Coupang Inc. is now facing a government investigation into alleged unfair practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law [...]