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A significant fire broke out at Coupang’s No. 32 logistics center located in Incheon, west of Seoul, prompting an evacuation of surrounding businesses and factories due to structural collapse concerns. The fire, which originated on the building’s sixth floor…
South Korea has handed down a massive fine of 625 billion won (US$409.30 million) to e-commerce behemoth, Coupang. This follows an extensive breach of customer information and illicit collection of personal data, marking the country’s most substantial data…
Coupang, the South Korean e-commerce giant, has made a steady start to Fiscal Year 2026, according to its first quarter results. The data indicates a slow but steady recovery following disruptions experienced towards the end of last year. Stronger Financial…
E-commerce behemoth, Coupang, endured a significant blow following a data breach in South Korea, leading to a loss in its fourth quarter. The company’s profits plummeted and its revenue failed to meet analyst predictions, reflecting the extensive impact of…
Two prominent American investors in South Korean e-commerce giant, Coupang Inc., have lodged formal complaints with the US government. They are seeking an investigation into what they perceive as prejudiced actions by the South Korean government against the…
South Korea’s major e-commerce entity, Coupang, is facing a class-action lawsuit from investors in a US court over alleged violations of securities laws. The lawsuit is in relation to a significant cybersecurity breach that led to the exposure of personal…
In light of a severe data breach, one of the most significant in South Korea’s history, Coupang Corp’s CEO, Park Dae-jun, has resigned. The cyberattack exposed the personal details of approximately 33.7 million customers, including their names, email…
Concern is mounting over potential insider trading at Coupang, following the sale of company stock by two senior executives occurring after a massive data breach and before its public acknowledgment. Executives Sell Shares After Data Breach On November 10,…
Increased apprehension has gripped South Korea following a significant data leak at e-commerce giant, Coupang. Officials have indicated that this breach could have been overlooked for an extended period. Scale of Data Leakage Coupang, a United States-listed…
Coupang, a South Korean e-commerce giant, has experienced substantial growth, recording a record quarterly revenue of $9.3 billion during the three months leading up to September – a 20% year-on-year increase. This growth not only signifies the company’s…
Coupang, often referred to as South Korea’s Amazon equivalent, successfully dismissed a lawsuit on Wednesday that alleged the company had defrauded shareholders during and following its 2021 initial public offering (IPO), the most significant IPO by a foreign…
South Korean retail behemoth Coupang has experienced substantial growth this year, boasting a record revenue of $8.52 billion in Q2, a rise of 19% year-over-year with an FX-neutral basis. This marks the first time the company has surpassed the $8 billion…
South Korea’s antitrust regulator has fined e-commerce giant Coupang 140 billion won (US$102 million) for using unfair search algorithms and manipulating product reviews to boost sales of its own private-label items. The Fair Trade Commission (FTC) also…
Coupang customers in South Korea can now directly purchase products from Japan, thanks to the e-commerce platform’s expansion of its overseas direct purchase service. With Japanese products now available through the Rocket Jikgu direct purchase service,…
South Korea’s top e-commerce retailer Coupang said Monday it has launched a new service allowing customers to buy luxury beauty brands’ products at its platform. At Rocket Luxury, customers will be able to purchase products of 16 high-end beauty brands from…
Coupang has decided to withdraw its e-commerce business from Japan, 21 months after it began offering its online delivery service there, a company official said Sunday. “After testing our service as a pilot version, we have decided to withdraw our business…
