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Coupang's Q4 operating profit plunges 97% on data breach impact; founder apologizes in person
BusinessKorea Heraldyonhap-english6mo ago2 sources

Coupang's Q4 operating profit plunges 97% on data breach impact; founder apologizes in person

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.

Coupang Shares Rally After Record Fine Over Data Leak
BusinessKorea Herald2mo ago

Coupang Shares Rally After Record Fine Over Data Leak

Shares of US-listed e-commerce giant Coupang Inc. surged after South Korea's privacy regulator imposed a record fine for a massive customer-data leak, with investors viewing the penalty as resolving a six-month uncertainty.

Analysts Recommend High-Growth Large-Cap Stocks for Investment
BusinessYahoo2mo ago

Analysts Recommend High-Growth Large-Cap Stocks for Investment

Financial analysts are recommending several high-growth large-cap stocks, including ServiceNow Inc., Nu Holdings Ltd., Coupang Inc., and Block Inc., as strong investment opportunities. These companies are highlighted for their potential to deliver significant shareholder value and capitalize on market opportunities in their respective sectors.