Coupang: a Major Online Shopping Company in South Korea, Announced its Financial Results for the 3rd Quarter. Its deficit has been continuing due to a large investment

​​​​​​​EC Weekly Picks 韓国旗

On November 12, "Coupang," a Korea's online shopping major company announced its financial results for the 3rd quarter of 2021. Sales increased 48% from the same period of the previous year to 4.6447 billion dollars (approximately 533.3 billion yen), and net loss was 315.1 million dollars (approximately 35.9 billion yen). In addition, the number of active users has continued to increase to 16.8 million, up 20% from the same period of the previous year. The cause of the deficit is investment in new business streaming video services and logistics facilities to provide faster delivery services. Specifically, from the beginning of 2021 to the third quarter, Coupang has built a new distribution infrastructure of 740 thousand square meters, and the fulfillment center, which is responsible for the ordering and delivery of Coupang's own fresh food "Rocket Fresh," has been doubled.

Sources: The Company's Financial Results Announcement Material "Current Report Filing" (November 12, 2021)

transcosmos is a global and one-stop solution provider that offers digital marketing, 5A analysis, eCommerce and contact center support that adds value through optimizing cost and driving sales. For more information, please feel free to email us at;

Let’s talk  ✉

trans+ editor
trans+ editor
Owned media editorial department of transcosmos inc., Which supports companies with IT outsourcing services.
Let’s talk ✉