Company Directory - Coupang
Company Details - Coupang
Coupang
WebsiteSeoul, South Korea
ISIN: US22266L1008
Coupang is a leading South Korean e-commerce company, known for providing a wide range of products and services including online retail, carnivals, ticket sales, and event organization. The company focuses on delivering fast and reliable services to its customers, featuring a robust logistics network that supports same-day delivery.
CCI Score
CCI Score: Coupang
-35.11
0.13%
Latest Event
Coupang Cancels Kanye West Concert Amid Anti-Fascist Concerns
Coupang canceled its scheduled Kanye West concert for late May 2025 following controversies surrounding the artist's extremist remarks, including lyrics praising Nazi figures. All sold tickets were refunded and merchandise sales were suspended, marking a clear stance against fascist-associated behaviors.
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TOADIE
Coupang is currently rated as a Toadie.
Latest Events
- MAY202025
Coupang canceled its scheduled Kanye West concert for late May 2025 following controversies surrounding the artist's extremist remarks, including lyrics praising Nazi figures. All sold tickets were refunded and merchandise sales were suspended, marking a clear stance against fascist-associated behaviors.
- MAR192025
In May 2023, Coupang Fulfillment Services revised its employment regulations in a manner that criminally excluded temporary workers working less than 15 hours per week from severance pay eligibility. This regulatory change, deemed a violation of the Workers’ Severance Pay Guarantee Act, has led to worker protests and demands for strict penalties, as confirmed by the Ministry of Employment and Labour in March 2025.
-80
Labor Relations and Human Rights Practices
May 20
Coupang Fulfillment Services' unilateral revision of employment rules to deny severance pay for temporary workers is a direct violation of workers' rights. This exploitative practice not only undermines the financial security of vulnerable workers but also reflects broader authoritarian corporate behavior that prioritizes profit over fair labor practices.
S. Korea: Coupang workers call for strict penalties after labour ministry confirms unpaid severance
- FEB192025
South Korean prosecutors are investigating Coupang for alleged manipulation of search algorithms to boost its private brand products and for mobilizing employees to generate positive reviews, amidst longstanding labor complaints from both domestic and expat workers. The investigation, led by the Seoul Eastern Division Prosecutor’s Office and supported by fines imposed by the Fair Trade Commission, raises serious concerns about the company’s business practices and treatment of labor.
-70
Business Practices and Ethical Responsibility
May 20
Coupang is accused of intentionally manipulating its search algorithm to favor its private brand products and orchestrating employee reviews, practices that mislead consumers and undermine fair market competition. Such deceptive business practices fall under unethical business behavior.
Coupang Criminally Investigated for Violations of Fair Trade Law
-40
Labor Relations and Human Rights Practices
May 20
The investigation notes numerous labor complaints from both domestic and expat workers, highlighting problematic labor practices. This further compounds concerns about the company's ethical and fair treatment of its workforce.
Coupang Criminally Investigated for Violations of Fair Trade Law
- DEC312024
Coupang disclosed spending $1,010,000 on lobbying activities during Q4 2024, with efforts focusing on measures such as expanding SME participation in its e-commerce platform, increasing market access, and highlighting job creation benefits. The expenditure was detailed in a Lobbying Disclosure Act filing.
-20
Political Contributions and Lobbying Efforts
May 20
The disclosed lobbying expense signals an attempt by Coupang to exert influence over policy-making processes. While the company emphasizes benefits like SME participation and job creation, the significant funds allocated to lobbying can be seen as a strategy that risks entrenching corporate influence over democratic procedures, potentially marginalizing public and worker interests.
Lobbying Update: $1,010,000 of COUPANG INC. lobbying was just disclosed
- NOV272024
Coupang was fined 1.58 billion won by the Personal Information Protection Commission after a data breach compromised personal details of 135,000 delivery workers and 22,440 customers, and the company delayed notifying affected parties. The fine resulted from prolonged negligence in protecting personal information despite previous warnings.
-50
Business Practices and Ethical Responsibility
May 20
The incident reveals significant lapses in Coupang's business practices and ethical responsibility, particularly in protecting sensitive personal data of a large number of delivery workers and customers. Delayed notifications and failure to address known vulnerabilities indicate neglect of duty toward safeguarding worker rights and privacy, reflecting poorly on ethical business practices.
Coupang Fined Over 1.5 Billion Won for Major Data Breach Violations
- SEP202024
An FEC report has detailed Coupang's corporate PAC, COUPAC, which is classified as a Lobbyist/Registrant PAC. The report outlines the committee’s modest contribution receipts and lack of disbursements, highlighting Coupang's engagement in political finance.
-10
Political Contributions and Lobbying Efforts
May 20
The filing of a corporate PAC by Coupang, as detailed on the FEC website, indicates involvement in political contributions and potential lobbying activities. Although the amounts involved are relatively modest, the existence of this PAC contributes to concerns regarding corporate political influence, which can be misused to support authoritarian interests. This activity is viewed negatively from an anti-fascist perspective.
COUPANG, INC. COMPANY PAC (COUPAC) - committee overview | FEC
- MAR132024
A civic group, representing around 80 victims, announced its plan to file a collective lawsuit against Coupang, alleging that the company maintained a blacklist to prevent certain workers from being rehired. The lawsuit also accuses Coupang of silencing whistleblowers and threatening the press over these labor practices.
-80
Labor Relations and Human Rights Practices
May 20
The lawsuit alleges that Coupang engaged in unethical labor practices by maintaining a blacklist of workers, undermining worker rights and suppressing whistleblowers. This behavior reflects a deep disregard for labor relations and human rights, aligning with authoritarian practices that target marginalized workers.
Civil group to file suit against Coupang over blacklist allegations
- JUL042023
Coupang appointed Rob Porter, a former White House Staff Secretary under Donald Trump, as an advisor to help expand its political network in Washington and support its global business strategies. This move is seen as aligning the company's external affairs with networks that have ties to the former authoritarian political regime.
-60
Executive Political Engagement
May 20
Coupang's decision to hire Rob Porter, a former aide to Donald Trump, for guiding its external affairs and political engagement ties the company to figures associated with an authoritarian political agenda. This move can be interpreted as leveraging political networks that have historically supported far-right policies, marking a negative influence in terms of public and political behavior.
- JUN132023
On June 13, the Korea Fair Trade Commission imposed a record-breaking fine of 140 billion won on Coupang for manipulating search results to favor its private brand products and using employee reviews to inflate ratings. The move, accompanied by criminal charges, has prompted Coupang to disclose the sanctions to the SEC and prepare a legal challenge.
-80
Business Practices and Ethical Responsibility
May 20
Coupang engaged in deceptive business practices by manipulating its search results and using artificial employee reviews to boost product ratings, actions that undermine market fairness and consumer trust. The significant KFTC fine and the filing of criminal charges highlight the severity of these unethical practices, which directly conflict with responsible business ethics.
Coupang said to U.S. SEC that KFTC imposes fine on "industry standard"
- MAR202023
On March 20, 2023, South Korea's Personal Information Protection Committee began investigating a data leak at Coupang that affected over 460,000 users, potentially violating the Personal Information Protection Act.
-40
Business Practices and Ethical Responsibility
May 20
The investigation highlights significant lapses in Coupang's data protection and ethical business practices, risking the exposure of sensitive personal data of hundreds of thousands of users. Such negligence undermines trust and can lead to increased vulnerability of marginalized communities, aligning with authoritarian misuse of personal information.
Republic of Korea: Announced investigation into data leak of users from Coupang
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Corporate Financials
- Revenue
- 2023
- $5.16B
- Total Assets
- 2023
- $6.10B
- Operating Income
- 2023
- -$210.00M
- Total Equity
- 2023
- $2.58B
Employees: 35,000
Industries
- 423450
- Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- 488510
- Freight Transportation Arrangement
- 454110
- Electronic Shopping