Coupang’s Second Quarter Performance: Revenue Growth but Operating Loss Coupang’s Second Quarter Performance: Revenue Growth but Operating Loss In an interesting update from Korea Economic News, Coupang, one of South Korea’s leading e-commerce platforms, has showcased remarkable performance in terms of revenue. The company reported that it has surpassed the significant milestone of 10 trillion…

Samsung Galaxy Z Flip6 Olympic Edition Now on Resale Market Samsung Galaxy Z Flip6 Olympic Edition Now on Resale Market In a recent report by Korea Economic News, the highly acclaimed ‘Galaxy Z Flip6 Olympic Edition’ has caught the eyes of many tech enthusiasts and collectors alike. Developed through a collaboration between Samsung Electronics and…

Coupang Reports Loss After Eight Quarters – Analyzing the Impact Coupang Reports Loss After Eight Quarters – Analyzing the Impact In a surprising turn of events, Korean e-commerce giant Coupang has reported a net loss after eight consecutive profitable quarters. This shift has sent shockwaves throughout the market, particularly given the scale of their latest…

Dirk Rossmann Stops Purchasing Tesla Vehicles Dirk Rossmann’s Bold Move: Stopping Tesla Purchases In a significant business decision, Dirk Rossmann, the popular German pharmacy chain, has announced that it will halt its purchases of Tesla vehicles. This action comes in response to Elon Musk’s public support for Donald Trump, a move that sparked outrage and…

Uber Surpasses Wall Street Expectations in Q2 Uber Surpasses Wall Street Expectations in Q2 In the fast-evolving landscape of ride-sharing and food delivery services, Uber has recently made headlines by exceeding Wall Street’s expectations in the second quarter of the year. This impressive performance highlights the strong consumer demand for both ride-sharing and food delivery…

Lumen Payments and Cross Finance Issues: A Detailed Overview The Impact of Lumen Payments on Cross Finance Loan Products The recent news surrounding Lumen Payments and its delayed card payment settlements has raised significant concerns in the financial sector. In particular, this situation has caused a massive repayment delay amounting to 600 billion won for…

Hureum’s Private Placement of Convertible Bonds Hureum’s Private Placement of Convertible Bonds Aimed at Strategic Growth The investment landscape in South Korea is evolving, and one of the prominent players making headlines is Hureum. Recently, the company announced its plan to issue a third tranche of private placement convertible bonds worth 12 billion KRW. This…

Ramiann Leventus At Dogok-dong: A Record-Breaking Subscription Ramiann Leventus At Dogok-dong: A Record-Breaking Subscription The recent news from Korea Economic News highlights a significant event in Seoul’s real estate market. The Ramiann Leventus located in Dogok-dong, Gangnam, has seen an overwhelming response during its subscription period, drawing in over 40,000 applicants. This high demand exemplifies…

Hyundai’s New Electric Vehicle: Casper Electric with PMSA Technology Hyundai’s New Electric Vehicle: Casper Electric with PMSA Technology In a significant development in the automotive industry, Hyundai Motor Company is proud to announce that its compact electric vehicle, the Casper Electric, will feature the innovative “Pedal Misoperation Safety Assistance” technology, commonly known as PMSA. This…