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 its alleged search algorithm manipulation and losses from Farfetch, a London-based online retailer for luxury goods, it acquired in January.Coupang'
Gmarket offline sales event in Seoul (File photo, courtesy of Gmarket) The new chief executive of South Korea’s Gmarket Inc. on Monday pledged to drive the local retail giant Shinsegae Group’s online shopping platform operator to the top spot in the local market.Chung Hyung-kwon, wh
South Korea's CJ CheilJedang Corp. announced on Tuesday that it launched the Korean food (K-food) brand Bibigo's store on Amazon Germany, the largest e-commerce platform in the nation's market. Bibigo Store offers 19 products, including seaweed snacks, sauces, dumplings, and chicken. It
Coupang Inc., South Korea’s largest e-commerce platform, was fined 140 billion won ($102 million) on Thursday for allegedly manipulating search algorithms to place private labels and products it directly sold at the top of its search rankings, the country’s anti-trust body said.The
YouTube logo (Courtesy of YouTube) YouTube has started offering its Shopping affiliate program in South Korea in partnership with the country’s No. 1 e-commerce platform company Coupang Inc. to enable its creators to earn more from their content. The world’s biggest free online vide
Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter, snapping its earnings growth streak over the past six quarters largely due to money-losing Farfetch Holdings Plc. Despite the loss, the company w
Coupang posted its first-ever annual profit in 2023 Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as it plans to spend more than 3 trillion won ($2.2 billion) to offer Rocket Delivery across the co
AliExpress ad in Korea Coupang Inc. is the only South Korea-native e-commerce platform with more monthly active users than China's e-commerce giants AliExpress and Temu in Korea following the rapid ascent of Chinese online shopping mall operators despite growing complaints about their fak
South Korea’s leading e-commerce platform Coupang Inc. on Wednesday posted its first-ever operating profit of $473 million in 2023, driven by double-digit sales growth due to an active base of customers and paid memberships for quick delivery and streaming content.Total net revenue at th
AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales fee through the end of March this year, a move that would jolt the domestic online retail market dominated by Coupang Inc. and Naver Corp.The deci
CJ CheilJedang introduces Bibigo Korean food at CJ ENM’s annual K-pop festival KCON (Courtesy of CJ CheilJedang) Harvard Business School students are set to study the success of South Korean foods in the global market through the case of Bibigo, the leading brand of the country’s fo
Coupang Inc., South Korea’s leading online retailer, said on Friday it will resume the same or next-day delivery service, dubbed “Rocket Delivery,” for LG H&H Co.'s daily necessities, beauty products and drinks from next week, ending their five-year dispute over promotion
Coupang went public on the New York Stock Exchange in 2021 Coupang Inc., South Korea’s leading e-commerce platform, plans to acquire Farfetch Holdings, a London-based online retailer for luxury goods, in a $500 million deal aimed at bolstering its clothing business, considered its weak sp