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Games & Commerce
Rogers dawn-delivery stint puts focus on Coupang results improvement, user rebound
Coupang\'s weekly active users are rebounding this month after falling sharply following a personal data leak, with industry data showing usage nearing pre-incident levels. Analysts link the recovery to measures to strengthen the lock-in effect of its paid Wow Membership, including coupons and changes to non-member free-shipping thresholds. Coupang has forecast 5 to 10 percent first-quarter revenue growth. Acting CEO Harold Rogers also joined a lawmaker for a dawn-delivery shift, drawing attention to external relations and consumer trust.
Games & Commerce
Coupang to change free shipping policy for non-Wow members
Coupang will change how it calculates the minimum order amount for free shipping for customers who have not signed up for its Wow membership. Previously, free shipping applied if the payment amount before coupons and instant discounts exceeded 19,800 won. From mid-next month, customers must pay more than 19,800 won after discounts to qualify. Coupang said existing Wow members will keep their benefits.
Industry
Coupang posts record sales but operating profit plunges as customer boycott takes hold
Coupang said a “Quit Coupang” backlash linked to a large-scale customer data leak was reflected in its indicators. Fourth-quarter operating profit fell 97 percent from a year earlier and net profit turned to a loss, while revenue rose 11 percent. It reported a slight decline in WOW members and a drop in active customers from the prior quarter. Despite the fourth-quarter hit, Coupang posted record annual revenue and higher operating profit, with growth-led businesses such as Taiwan and Coupang Eats showing strong gains.
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Games & Commerce
Coupang Q4 operating profit falls 97 percent; annual revenue 49 trillion won
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Telecommunications & Media
Dexter enters short drama post-production market
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Telecommunications & Media
KT Genie TV originals rank among top viewed on major OTT platforms
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Games & Commerce
Netflix sets record 15.16 million users in South Korea in December