Coupang Archives | Be Korea-savvy
Daiso and Coupang Sweat over Boycott Against Japan

Daiso and Coupang Sweat over Boycott Against Japan

SEOUL, Aug. 7 (Korea Bizwire) — With the boycott of Japanese goods intensifying in South Korea, companies that some consumers have labeled as “Japanese companies” are struggling to explain themselves. It is not easy to clear up the misunderstanding as there are some complicated cases of stake relationships that are confusing even to consumers. Daiso, [...]

Coupang Accused of Being a “Japanese Company” Amid Boycotts

Coupang Accused of Being a “Japanese Company” Amid Boycotts

SEOUL, Jul. 19 (Korea Bizwire) — Amid Japan’s recent trade offensive against South Korea and the ensuing boycott movement in the nation against Japanese products, Coupang Inc., a major e-commerce platform in the country, is suffering from accusations that it is a Japanese company. The accusers point to the fact that Masayoshi Son, a Korean [...]

Coupang Introduces Electric Trucks Amid Competition for Eco-friendly Delivery

Coupang Introduces Electric Trucks Amid Competition for Eco-friendly Delivery

SEOUL, Jul. 18 (Korea Bizwire) — With the competition for eco-friendly delivery heating up, Coupang Inc. has introduced electric trucks. The South Korean e-commerce firm will deploy 10 Calmato EVs (electric vehicles) at the Coupang Logistics Service Delivery Hub in Daegu next month and is currently setting up recharging stations for the electric trucks. The [...]

Mired in the Red, Coupang Recruits Restructuring Specialist

Mired in the Red, Coupang Recruits Restructuring Specialist

SEOUL, Apr. 26 (Korea Bizwire) — Coupang Inc., a South Korean shopping portal, has transitioned into a tripartite leadership structure after recruiting a restructuring specialist as head of the human resources department, leading many to anticipate major restructuring of the company recently stricken with massive losses. Coupang was previously led by a single representative structure [...]

Money-losing E-commerce Operators Face Critical Test in S. Korea

Money-losing E-commerce Operators Face Critical Test in S. Korea

SEOUL, Apr. 22 (Korea Bizwire) — E-commerce is thriving in South Korea on the back of fast delivery and competitive pricing, but mounting losses by major operators are raising questions whether their business models are sustainable in the face of increasingly toughening competition, industry insiders said Monday. The e-commerce industry has seen explosive growth in [...]

Softbank Pledges US$2 Bln Investment in Coupang

Softbank Pledges US$2 Bln Investment in Coupang

SEOUL, Nov. 23 (Korea Bizwire) — Japanese software giant Softbank Group Corp.’s chairman, Masayoshi Son, a third-generation Korean-Japanese most widely known by his Korean name “Son Jeong-ui” here, has reportedly decided to invest US$2 billion in Coupang, leaving experts seeking an explanation as to Son’s great interest in the Korean e-commerce website. Meanwhile, other competing [...]

Coupang Offers New Delivery Workers Flexible Schedule

Coupang Offers New Delivery Workers Flexible Schedule

SEOUL, Aug. 24 (Korea Bizwire) — The popular e-commerce company Coupang announced yesterday that it was initiating “Coupang Flex,” which will provide new jobs for those looking to perform deliveries for the company. “Coupang Flex” will allow applicants to freely select work dates that fit their personal schedule. Coupang explained this would enable applicants like [...]

Online Shopping Sites Suffer Consecutive Losses in 2017

Online Shopping Sites Suffer Consecutive Losses in 2017

SEOUL, April 16 (Korea Bizwire) – South Korean online shopping site operators continued to report losses in 2017 amid fierce market competition, regulatory data showed Monday. Coupang Inc. suffered a combined net loss of 673.5 billion won (US$628.5 million) last year, up 20 percent from 561.8 billion won reported a year earlier, the company said in a regulatory filing. Its sales jumped 40 percent on-year [...]