Coupang plans to invest over $2.2 billion to expand its delivery network, aiming to increase coverage of its next-day Rocket Delivery service and establish new fulfillment centers in eight locations nationwide.
A rift between e-commerce giant Coupang and its gig workers is deepening in the wake of a series of deaths from apparent overwork while on duty.
A fire at a Coupang logistics center continued to burn Friday more than 30 hours after starting, with some protesters claiming that the massive warehouse was an accident waiting to happen.
Coupang reported a huge loss and a dramatic miss in its first earnings announcement as a public company, the stock dropping below its IPO price in after-hours trade.
Coupang announced it will build a distribution center in Gwangju to offer one-day deliveries to more parts of the country.
Coupang is No. 2 on the 2020 CNBC Disruptor list, and the first Korean company to make it onto the list, which has been published by the U.S. business channel since 2013.
A total of 11 people have now tested positive for coronavirus in connection with a possible cluster at a Coupang distribution facility in Bucheon, Gyeonggi.
Korea JoongAng Daily Sitemap