South Korea e-commerce market to surpass $170bn mark in 2028, forecasts GlobalData [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
South Korea is rapidly emerging as a significant player in the e-commerce space and is expected to register a healthy compound annual growth rate (CAGR) of 7.8% between 2024 and 2028 to reach KRW222.1trn ($170.1bn) in 2028, forecasts GlobalData, a publishers of EPI. GlobalData's E-Commerce Analytics reveals that South Korea's e-commerce market is the fourth largest (in terms of value) in the Asia-Pacific region, trailing behind China, Japan, and India. The market registered a strong CAGR of 12.6% between 2020 and 2023 to reach KRW149.1trn ($114.2bn) in 2023. This upward trajectory is anticipated to continue in 2024, with e-commerce sales expected to grow by 10.2% to reach KRW164.3trn ($125.8bn) in 2024. Shivani Gupta, Senior Banking and Payments Analyst at GlobalData, comments: “South Korea boasts a robust e-commerce market, supported by high-speed internet infrastructure, secure online payment options, and a growing trust among consumers in the realm of online shopping. Furtherm
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CPNG
Earnings
- 8/6/24 - Beat
CPNG
Sec Filings
- 8/23/24 - Form 4
- 8/21/24 - Form 4
- 8/19/24 - Form 144
- CPNG's page on the SEC website