The truth about Coupang’s “”””business in 170 countries””””

Regarding recent personal information leaks

The CEO of Coupang said he is busy as “CEO of business in 170 countries.”

They say they can’t attend hearings at the Korean National Assembly.

In fact, Coupang is planning its “”first”” overseas expansion in 2021.

I chose Japan, the country next to Korea, but

So much so that I withdrew after two years.

In terms of e-commerce, Coupang is just a service for the Korean domestic market.

So what does it actually target 170 countries?

It is Farfetch, a luxury goods shopping mall purchased by Coupang in 2023.

Founded in 2007, Farfetch is a service that allows luxury goods to be purchased online.

Expanding service countries and listing on the New York Stock Exchange,

In particular, we received investment from China, which has a high demand for luxury goods.

Post-Corona economic recession and sharp decline in demand for luxury goods, etc.

1.6 trillion won deficit over 2 years

achieve

They just screwed up and got delisted.

Coupang purchased it for $500 million, or 660 billion won at the time.

I bought this failed company and never did any official activities.

They told me to come to the hearing in Korea.

“”He’s the CEO of 170 countries””

He said he wouldn’t go.