South Korea's e-commerce market to grow by 10.2% in 2024, forecasts GlobalData [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
GlobalData's E-Commerce Analytics reveals that South Korea e-commerce 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. Ravi Sharma, Lead 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 the consumers in the realm of online shopping. Events such as Black Friday and Cyber Monday have supported the growth of e-commerce. The availability of alternative payment solutions that offer security and convenience is also boosting online purchases.” For instance, Chinese fashion online fashion retailer Shein launched its Korea-dedicated online platform in June 2024. Similarly, in June 2023, YouTube launched its inaugural online shopping channel, where products are live-streamed in the Korean language. Additionally, to boost
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CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website