South Korea's antitrust regulator has named Coupang founder Kim Bom-suk as the group's controlling figure, subjecting him and his family to tighter regulatory oversight. This move comes amidst US pressure over alleged discrimination.
South Korea's Foreign Ministry is weighing a formal response to US lawmakers who have accused Seoul of targeting American firms, amidst tensions over a probe into Coupang Inc. and broader alliance issues.
South Korea has stated that its alliance with the United States is not in crisis, despite recent media reports of friction linked to issues like Coupang.
The Beijing Auto Show is anticipated to become the world's largest, showcasing the rapid growth of China's electric vehicle industry. The event is drawing significant attention to the country's automotive sector.
The black comedy series 'Family Matters', starring Bae Doo-na, is officially returning for its second season on Coupang Play, continuing its story of a superpowered family.
Four months after a significant data breach, South Korean e-commerce giant Coupang has maintained its strong position in the country's online retail market.
Coupang interim CEO Harold Rogers completed an overnight delivery shift and subsequently praised front-line workers in a companywide email, pledging continued investment in the company's logistics.
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.
Coupang logged another record year, despite profit being almost wiped out in the last quarter and reputational damage from a data breach involving some 33 million user accounts. According to its earnings release Friday, the New York-listed e-commerce company posted $34.5 billion in sales and $473 million in operating profit last year, up 14 percent and 8 percent from 2024, respectively. The firm generated $8.8 billion in sales and $8 million in operating profit in the October-to-December period,
Harold Rogers, interim CEO of e-commerce giant Coupang Corp., attended a closed-door House hearing in Washington on Monday, as the US-listed firm has been under investigation in South Korea over a massive data leak. Rogers did not respond when asked by reporters if he had anything to say to South Korean consumers, as he appeared for the hearing, which was hosted by the Administrative State, Regulatory Reform and Antitrust Subcommittee of the House Judiciary Committee. His appearance came after R
While high-profile Korean startups such as Toss and Yanolja chase Wall Street valuations — following Coupang’s US listing — a British chip-equipment maker is betting on Seoul instead. TeraView, a UK firm that commercialized terahertz technology for ultraprecision semiconductor inspection, chose to list on Kosdaq rather than in London or New York. The company counts Samsung Electronics, Intel and Nvidia among its customers, supplying critical components used in advanced chip manufacturing. “TeraV
South Korea's regulatory watchdog has officially designated the founder of Coupang as the company's controlling entity. This decision clarifies the ultimate authority within the e-commerce giant.
The United States has offered a $10 million reward for information leading to the leader of an Iran-backed Iraqi armed group, identified as Kataib Sayyid al-Shuhada. This bounty targets the head of the Shiite militia, which Washington considers a terrorist organization.
Disclosure reports reveal Coupang's lobbying activities, detailing its engagements with the White House, the Vice President's office, and members of Congress.
This article provides an inside look at significant technology trends in Asia, highlighting events such as Beijing's automotive gathering and the ongoing scrutiny faced by Coupang, drawing insights from Nikkei Asia and the Financial Times.
E-commerce giant Coupang has initiated trials of autonomous driving systems for trucks operating between its logistics centers, collaborating with domestic self-driving firms.
Coupang CEO Bom Kim (known as Rogers) expressed gratitude to the company's delivery workers after personally experiencing an overnight shift, highlighting the challenges of their work.
Coupang interim CEO Harold Rogers has vowed to continue creating a safe and advanced working environment for all Coupang workers after experiencing an overnight delivery shift.
Coupang CEO Harold Rogers is working an overnight delivery shift at one of the company’s logistics sites to personally assess the working conditions faced by delivery staff in the demanding environment.
Online retail giant Coupang, a US-registered company, is emphasizing its American identity amidst South Korean regulatory scrutiny following a major data leak, reportedly lobbying the US government on the matter.
The Dow, S&P 500, and Nasdaq all experienced declines, concluding a volatile month for the stock market, with investor worries about AI impacting overall performance. Separately, Coupang shares rose after investors focused on stabilization following a data incident.
Coupang has been fined 2.19 billion won ($1.53 million) and ordered to take corrective measures for violating the Large-scale Retail Business Act, the Fair Trade Commission said Thursday, citing…
Coupang said Wednesday that about 200,000 of its Taiwanese users were included in the massive data breach of some 3.3 million accounts, an incident initially announced in November. According to Coupang, Mandiant, an American cybersecurity firm and a Google subsidiary, has determined the data breach of Taiwan-based accounts. However, it said the perpetrator retained data from only one of those accounts. “The data accessed from Taiwanese accounts was also limited to basic contact and order informa
Donald and Melania Trump have called for Jimmy Kimmel's firing following a joke he made about the former First Lady, which they deemed offensive. Kimmel has since defended his comments, stating it was a light roast joke about their age difference.
Iran's top diplomat travels to Pakistan for discussions on peace efforts, as ceasefire negotiations with Washington remain stalled. He is expected to present Iran's proposals for ending the conflict.
South Korean National Assembly Speaker Woo Won-shik condemned claims by 54 US Republican lawmakers that South Korea was discriminating against e-commerce giant Coupang, calling it "interference in domestic affairs."
South Korea has rejected claims by US Republican lawmakers that it is targeting American companies, stating that investigations into e-commerce giant Coupang are conducted according to domestic law regardless of nationality. This comes after a letter from US Republicans raised concerns about the treatment of US firms.
Coupang interim CEO Harold Rogers visited small and midsize suppliers in Cheongju, North Chungcheong Province, pledging support for manufacturers facing challenges from rising energy costs and currency swings.
Police are investigating claims that counterfeit gold products were sold through e-commerce platform Coupang, as rising prices fuel a broader increase in gold-related crime.
Coupang has partnered with Nvidia to establish an 'AI factory', aiming to leverage artificial intelligence for enhanced operations and services and further integrate AI into its business model.
Coupang CEO Harold Rogers conducted an overnight visit to a logistics site and joined early-morning deliveries, according to industry sources on Friday. Rogers visited a delivery camp near Seongnam in Gyeonggi Province late Thursday night and helped deliver early-morning orders alongside logistics workers in the area. The visit became known after photos believed to show Rogers at the site were posted on an online community by a person identified as a warehouse worker. Coupang confirmed that Roge
South Korean actor Lim Ju-hwan worked at a Coupang logistics center, his agency confirmed Friday, after online posts claiming he had been spotted there drew widespread attention.
US-listed e-commerce giant Coupang Inc. said Friday its operating profit plunged 97 percent in the fourth quarter from a year earlier due to the impact of a large-scale data breach, while its founder issued an apology again in person. In the three months ended in December, operating profit plummeted to 11.5 billion won ($8 million) from 435.3 billion won in the same period of 2024, Coupang said in a press release. The company also swung to a net loss of 37.7 billion won from a net profit of 182.
E-commerce giant Coupang has hired a top-tier US law firm, Kirkland & Ellis, to represent it in a US lawsuit stemming from a massive data breach, bolstering its legal defense against potential liability.