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During COVID-19, social distancing forced Koreans to eat at home, leading many to seek solace in the convenience of delivered food. Now that life has essentially returned to normal, a new cost-benefit analysis is reshaping the food delivery landscape: declining numbers of orders, decreases in delivery jobs and increases in commissions, pushing up food prices and weighing down order volumes. According to Mobile Index,...
Emart, the country's largest discount store chain, has been lagging behind Coupang, the largest e-commerce firm, in sales and operating profits as more and more consumers shop online, according to industry officials, Tuesday. In addition, Emart is spending a huge amount of money to operate its stores, while Coupang does not have to. That means Emart cannot surpass Coupang in terms of profitability.
Coupang, a Seattle-headquartered e-commerce company, said it will accelerate its investment in Taiwan after four straight quarters of profits. Coupang was the most downloaded app in the second quarter of this year in Taiwan, the company said in an earnings call on Wednesday. "Taiwan is another investment that is thus far exceeding our expectations," said chief executive officer of Coupang Bom Kim said in its conference call.
Coupang said Wednesday it swung to a net profit in the second quarter from a year earlier on improved profitability of its flagship product commerce business.
SEATTLE & SEOUL, South Korea--(BUSINESS WIRE)--Aug 8, 2023--