Market Chatter: E-Commerce Giant Coupang's Annual Sales Estimated at 40 Trillion Won in 2024

MT Newswires Live

01-15

South Korean e-commerce company Coupang is projected to achieve 40 trillion won in sales in 2024, to be the first retailer in the country to reach this milestone, Pulse News reported Tuesday, citing sources from the retail and securities sectors.

This follows the firm's record 30 trillion won revenue in 2023 and marks the second straight year of profitability since its 2023 turnaround. The e-commerce giant is set to release its earnings in February, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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