Coupang Inc.

E-commerce Coupang’s Q1 revenue up; quarterly dip signals rising competition

Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in...

E-commerce Naver, Kurly tie up to counter e-commerce giant Coupang

South Korea’s online giant Naver Corp. and dawn grocery platform service provider Kurly Inc. have joined forces for a potential stake acquisit...

Retail Baemin, Yogiyo see record transaction drops in Feb amid Coupang's rise

South Korea’s top and third-ranked food delivery apps, Baedal Minjok (Baemin) and Yogiyo, saw their biggest-ever monthly drops in transaction ...

Earnings Coupang posts profit for 2 straight years in 2024 on new growth drivers

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, ended last year with profit for the second straight year thanks to t...

Retail Coupang Eats starts food delivery service in Japan

Coupang Eats, a food delivery app operated by South Korea's No. 1 e-commerce platform Coupang Inc., launched its first overseas service in Japan.Acc...

E-commerce Coupang, Naver in dead heat for South Korea’s e-commerce market lead

Coupang Inc. and Naver Corp., South Korea's top two e-commerce players, are expected to further narrow the gap in their race for the market lead thi...

E-commerce Korea’s Shinsegae, China’s Alibaba to set up e-commerce joint venture

South Korea’s retail conglomerate Shinsegae Group has joined forces with Chinese online shopping giant Alibaba Group Holding Ltd. to better co...

Corporate bonds Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Corporate bonds Korea Inc. rushes to booming local corporate bond market

South Korean companies are rushing to raise money in the local corporate bond market, which is unusually buoyant at year's end amid expectations of ...

E-commerce Coupang launches Rocket Pet Doctor 2.0 with personalized pet nutrition

Coupang Inc., South Korea’s largest e-commerce platform, said on Wednesday that it has launched "Rocket Pet Doctor 2.0," an upgraded personali...

E-commerce Coupang CEO to reduce stake in e-commerce platform

Coupang Inc. founder and Chief Executive Bom Kim will sell shares and donate additional ones in the South Korean e-commerce platform for tax payment...

Earnings Coupang posts record quarterly sales, swings to Q3 operating profit

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, posted its highest quarterly sales in the third quarter and swung to...

Executive reshuffles Shinsegae Group splits E-Mart, department store with executive reshuffles

South Korea’s retail giant Shinsegae Group on Wednesday carried out one of its most drastic executive reshuffles, officially splitting the gro...

Mergers & Acquisitions MBK’s Korea Zinc takeover attempt to spur search for white knights

North Asia-focused private equity firm MBK Partners Ltd.’s attempt to take control of Korea Zinc Inc. and the country’s plan to require ...

Logistics Korean retailers ramp up fulfillment centers to hold AliExpress in check

South Korea’s leading retailers, including Coupang Inc., are ramping up their logistics capacities to counter aggressive forays into the count...

Regulations Korea tightens rules on Netflix, Spotify subscription billing

South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and...

E-commerce Coupang, CJ CheilJedang end feud and resume Rocket Delivery

Coupang Inc., South Korea’s largest e-commerce platform, on Wednesday resumed the same- or next-day delivery service dubbed Rocket Delivery fo...

E-commerce Coupang posts 1st quarterly loss in two years; revenue soars

Coupang Inc., South Korea's e-commerce behemoth, posted its first quarterly loss in two years after booking the hefty fine imposed in relation to it...

Corporate restructuring SK Innovation to be Asia’s top energy company through merger

SK Innovation Co., South Korea’s largest energy company, is set to become the industry leader in Asia through a merger with an affiliate while...

Retail Coupang opens Rocket Growth seller website

Coupang Inc., South Korea’s largest e-commerce platform, announced on Tuesday that it opened a dedicated website for sellers (sell.coupang.com...

E-commerce Gmarket CEO vows to reclaim lead with know-how from Alibaba, Coupang

The new chief executive of South Korea’s Gmarket Inc. on Monday pledged to drive the local retail giant Shinsegae Group’s online shoppin...

Corporate restructuring SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk

SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...

Corporate restructuring SK Ecoplant seeks to absorb SK Materials' industrial gas units

SK Ecoplant Co., a South Korean construction engineering and waste management company, is seeking to absorb the profit-making subsidiaries of SK Mat...

Executive reshuffles Shinsegae hires Alibaba Korea head to lead online mall Gmarket

Shinsegae Group, South Korea’s retail giant, on Wednesday launched sweeping top-level management overhauls for Gmarket Inc. and SSG.COM. to ti...

E-commerce Coupang fined $102 mn for alleged search algorithm manipulation

Coupang Inc., South Korea’s largest e-commerce platform, was fined 140 billion won ($102 million) on Thursday for allegedly manipulating searc...

Tech, Media & Telecom Southeast Asia, Korea Inc’s new IT outsourcing powerhouse

PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...

E-commerce YouTube, Coupang offer Shopping affiliate program in Korea

YouTube has started offering its Shopping affiliate program in South Korea in partnership with the country’s No. 1 e-commerce platform company...

Artificial intelligence Korea Inc.’s AI executives double with LG Group leading the pack

The number of executive-level artificial intelligence (AI) specialists at South Korea’s 30 largest conglomerates has more than doubled in the ...

Korean stock market Korea Inc. nearly triples dividend payments in decade

Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a l...

E-commerce Coupang, HUFS to partner for industry-academic cooperation

Coupang Inc., South Korea’s No. 1 e-commerce platform, announced on Monday that it signed an industry-academia cooperation agreement (MOU) las...