Coupang swings to Q3 loss on warehouse fire-related costs

Korea Times News ·
Business Corporate South Korea

E-commerce giant Coupang, Inc. said Wednesday it swung to a net loss in the third quarter from a year earlier, largely due to costs caused by a warehouse fire. In the three months that ended in September, the U.S.-listed company posted a net loss of 715.1 billion won ($501 million) from a net profit of 131.6 billion won in the same period last year, it said in a press release. The fire at a…

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