Korean e-commerce firm Coupang to exit Japan market
FILE PHOTO: Delivery trucks for e-commerce retailer Coupang leave a distribution centre in Seoul, South Korea, June 21, 2018. Picture taken June 21, 2018. REUTERS/Josh Smith/File Photo
TOKYO : South Korea's Coupang is halting service in Japan this month less than two years after it entered the market, the e-commerce firm confirmed on Friday.
Coupang started operations in Japan in June 2021, gaining popularity during the pandemic with its grocery delivery services in the Tokyo area. The company alerted customers that it would halt services in Japan on March 21.
Japan's SoftBank Group Corp is an investor in the company.
Source: Reuters
