영어회화_제2의 슈퍼 쿠팡

Rocky's think box_(41)

My thought is that Coupang was very lucky. However, CEO  of Coupang's strategies worked! Instead of  IPO in Korea, it opted for  being listed on the US stock market. This was a good choice! Maybe, this was thanks to the advice from CEO of Soft Bank. Finally, Coupang is now worth an estimated 100 trillion won. But there is a risk that it has to take: it is suffering deficit. In Korea, 'Market Kurly' may be called "The second Coupang".
The fact is that it is the leading company in Korea's food delivery industry. It is the very same with MarketKurly. Because it is also suffering deficit. When Coupang was listed on the NASDAQ, it had a deficit of more than 500 billion won, while Market Kurly also had a deficit of 300 billion won, too. Market Kurly is also aiming at "swinging for the fances" right now. In Korea, the delivery market is overheating or in cutthroat competition. Among other competitors in the market, there are G-Market, SSG, Naver and TIMON and 위메프, to name a few. These are all big giants. In conclusion, in order to see that  the second Coupang will come out, there should be the improvement of Korea's delivery industry's sales performance.

@The article is only a subjective view.

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