[카드뉴스] Foreign media surprised by Coupang New York
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“Amazon No. 1 Coupang… Amazing Korean e-commerce”
Coupang, a Korean unicorn company founded in 2010.
On the 11th of the local time, foreign media responded that they were surprised when they took their first steps on the New York Exchange amid hot interest.
Bloomberg News reports that Coupang has achieved record performance since the first day of listing.
The Coupang Public Offering (IPO) is the largest since Uber in 2019, and as an Asian company, it is the largest since Alibaba in 2014.
Reuters, a global news agency, also said that Coupang was recognized for higher value than any other US company listed on the New York Exchange this year, saying that it was a’blockbuster debut’.
Pax News introduced Coupang’s same-day delivery and early morning delivery, which are not in the US, but only in Korea.
In particular, he stressed that Coupang dominates Amazon in Korea, which is very rare in the world.
Forbes also introduced an analysis comparing Coupang and Amazon.
In terms of the so-called’LOCK-IN’ effect that allows consumers to keep using only one place, Coupang is performing more surprisingly than Amazon.
In fact, in the US investment industry, there is a cautious analysis that Coupang’s competitiveness overwhelms Amazon.
Foreign media also showed great interest in the Korean e-commerce market that made today’s Coupang possible.
The New York Times (NYT) predicted that Korea’s e-commerce market will become the world’s third-largest market this year after China and the United States with the news of Coupang.
“Korea is the world’s top 10 richest countries that have accomplished the miracle of the Han River. I am so happy to be able to be a very part of this wonderful story.
With the listing of Coupang, the dramatic growth of the Korean economy is also attracting attention.
Whenever foreign media asked about the’plan to advance overseas’, the answer from Coupang Chairman Kim Bum-seok was the same.
As the scale of the Korean commerce market is already a global top class, Coupang emphasized that for the time being, it will continue to innovate, looking only at Korean consumers.
(Seoul = Yonhap News) Reporter Lee Se-young, writer Lee Do-kyung
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