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Armed with low-cost products, China has stepped up as Koreans top overseas direct purchase destination last year, overtaking the U.S. for the first time, according to Statistics Korea, Friday. ....
Coupang s continuous improvement in its profitability last year has led more securities analysts here to hold expectations for the Korean e-commerce giant to post an annual operating profit this year. Last Tuesday, the New York Stock Exchange-listed online retailer posted $83.4 million in operating profit during the fourth quarter of 2022. This followed the company turning a $77.4 million profit during the third quarter of last year. ....