Coupang seeks turnaround with quick commerce service
Posted : 2021-07-27 08:45
Updated : 2021-07-27 11:18
Customer orders groceries on a mobile application using quick commerce service by GS Retail in Seoul, on June 30. Korea Times file
By Kim Jae-heun
Coupang has launched the quick commerce service Coupang Eats Market in a bid to make a rebound from the fallout of a number of scandals that led customers to turn their backs on the online retailer.
Customers recently declared a boycott of the retail giant after founder Kim Bom-seok shunned responsibility for a fire that broke out at a logistics center in Icheon, last month, and was accused of bullying a member of a union. The company also took a passive approach to the death of a restaurant owner, whose demise in May was linked to his use of Coupang s food delivery service.
Coupang founder Kim Bom Seok quits from the company board
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Coupang Founder Exits Board
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Coupang urged to improve sustainability
Posted : 2021-04-13 16:31
Analysts advise e-commerce giant to address labor issues for more investments
By Kim Jae-heun, Kim Yoo-chul
Despite several labor-oriented issues, it seems like business as usual for Coupang because no major investment banks are offering sell views on its stocks now being traded on the NYSE.
But it is notable that its share price was remaining at the $40 per share level after peaking briefly at $69 on the first trading day a month ago.
Some big institutional investors are still maintaining their bullish views on the company given its still-large opportunity to increase its market share in Korea, but they have some concerns on its valuation.